Global Financial Crisis

Coronavirus Outbreak: IMF supports India's 'proactive' decision of nationwide lockdown despite economic slowdown

"India entered the pandemic turmoil in the midst of a credit crunch-induced slowdown and its recovery prospect becomes more uncertain," Chang Yong Rhee, the Director of the IMF's Asia and Pacific Department,

Fed seen cutting rates amid virus threat, low inflation to cushion economy from effects of coronavirus

Unlike many other central banks, the Fed still has some room to cut interest rates, although officials there have said that they want to see a “material change” in the economic data before they take further action after cutting rates three times last year.

Global funds cut equity exposure in February, suggest increase in bond holdings instead over fears of coronavirus risk: Report

The findings come as major indexes on Wall Street look set for their steepest weekly plunge since the global financial crisis more than a decade ago, as rising numbers of new coronavirus infections outside China increase fears of a pandemic.

India needs 6.3% labour productivity growth to attain 8% hike in GDP, but this looks unlikely in near term: Ind-Ra

The labour productivity growth in FY19 was 5.2 percent.

Consumer confidence at lowest in 6 years, business confidence in the dumps; all this and more in Moneycontrol Pro

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India's GDP growth overestimated by 2.5% between 2011-12 and 2016-17: Former chief economic adviser Arvind Subramanian

India's GDP growth rate between this period should be about 4.5 percent instead of the official estimate of close to 7 percent, Arvind Subramanian said

Hyundai hires former Carlos Ghosn ally Jose Munoz as global COO, Americas head

Munoz, 53, joined Nissan in 2004 in Europe and led its expansion in North America after the global financial crisis.

Capitalism 'under serious threat' as economic, political system stops providing for people: Raghuram Rajan

Rajan said he believes that capitalism is breaking down because it is not providing equal opportunities.

China February factory activity shrinks to three-year low, export orders worst in a decade

China’s factory activity has been generally softening since last May.

Renault's Jean-Dominique Senard to meet Nissan CEO Hiroto Saikawa in Japan; auto firms keen to strengthen ties

Jean-Dominique Senard will visit Nissan’s headquarters in Yokohama to meet the company’s executives and become better acquainted with its Japanese partner.