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CORONAVIRUS RECESSION
Japan ‘tankan’ business survey shows optimism over recoveryJapan’s economy expanded at a 22.9 per cent annual rate in the last quarter.- Indonesia officially in recession as GDP falls amid coronavirus pandemicStatistics Indonesia, the central statistics agency, said Thursday that Southeast Asia's largest economy contracted at a 3.49 per cent annu...
- Faster coronavirus recovery could add $9 trillion to global income by 2025: Kristalina GeorgievaSpeaking at a news conference after a meeting of the IMF's steering committee, Georgieva also called on the United States and China to keep...
- US budget deficit hits all-time high of USD 864 billion in JuneThe June deficit was driven higher by spending on various government relief programmes such as an extra USD 600 per week in expanded unempl...
- View: America’s Great(er) Recession will last for yearsThere’s a bit of controversy about the true unemployment level -- counting workers who are still getting paid but not actually showing up f...
- Global economy to plunge into worst recession since WW-II: World BankThe Covid recession is the first since 1870 to be triggered solely by a pandemic, World Bank president said.
- UK facing significant recession, says Rishi SunakThe UK's Indian-origin finance minister, who is at the forefront of the economic response to the coronavirus pandemic and has spearheaded a...
- View: Who’ll pay for global recession?Massive government borrowings to fund these stimulus packages are not free gifts. Who will repay this enormous debt, and how long will it t...
- Jobs destroyed worldwide as coronavirus sparks recessionRising unemployment will intensify pressure on governments and central banks to speed up reforms.
- V, L or ‘Nike Swoosh’? What the world after Covid will look likeThe world is set for what could be the deepest recession since World War II.
- Gold extends gains on worries about slump in global growthThe pandemic is putting increasing strains on emerging market economies, but the International Monetary Fund has sufficient resources to me...
- US headed towards recession in the wake of coronavirus, but tech industry still optimist: Industry expertFounder of Indiaspora, a platform to unite Indian-Americans and to transform their success into meaningful impact in India and on the globa...
- It may take 9 months for factories to be on track provided virus spread contained quickly: IndustryIndustry also said the coronavirus pandemic has made the global economic recovery extremely difficult in the near-to-medium term, and India...
- Oil rockets nearly 20% as investors hail coronavirus stimulus spending - for nowBrent crude was up $2.10, or 8 per cent, at $26.98 a barrel by 0028 GMT after tumbling 13 per cent on Wednesday in a third day of relentles...
- Global growth will weaken to 1.5-2% this year: Ryan SweetThe global economies are going to really struggle this year, says the Director of Real-Time Economics at Moody's Analytics. He says the key...
- S&P lowers India's growth forecast to 5.2 pc in 2020The agency had earlier projected a growth rate of 5.7 per cent during the 2020 calendar. Asia-Pacific economic growth in 2020 will be more ...
- View: Prepare for mammoth coronavirus-induced recessionThe coronavirus does not care a hang about the interest rate or fiscal deficit.
- Can Coronavirus cause a recession?Until last week, Wall Street was unusually blase about the coronavirus too, and had reacted with far less alarm than it did during the eigh...
- View: Markets are pricing in a coronavirus recessionThis is both a demand and supply shock, given the strain it puts on global supply chains and on consumers and travelers.
- Investors flee stocks for bonds on rising recession fears: BofAGlobal equities were on track for their worst weekly loss since 2008.
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