Global Recession

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Global Recession - Total results - 32
Stock Market Latest Updates: Sensex falls 190 points, Nifty below 9,200-mark; Reliance Industries, Asian Paints among top losers
Business

Stock Market Latest Updates: Sensex falls 190 points, Nifty below 9,200-mark; Reliance Industries, Asian Paints among top losers

Stock Market Latest Updates: Sensex falls 190 points, Nifty below 9,200-mark; Reliance Industries, Asian Paints among top losers

Lockdown Impact: World Bank says remittances to India likely to decline by 23% in 2020 due to COVID-19
Business

Lockdown Impact: World Bank says remittances to India likely to decline by 23% in 2020 due to COVID-19

Globally remittances are projected to decline sharply by about 20 percent this year due to the economic crisis induced by the COVID-19 pandemic and shutdown.

China cuts benchmark lending rate to 3.85% from 4.05% for second time this year; move to prop up coronavirus-hit economy
Business

China cuts benchmark lending rate to 3.85% from 4.05% for second time this year; move to prop up coronavirus-hit economy

The move was the second cut to the lending benchmark rate this year, and the latest reduction in one of China’s key lending rates.

Stock Markets Latest Updates: Benchmark indices rebound from early losses as Sensex jumps over 200 points, Nifty close to 9,000-mark
Business

Stock Markets Latest Updates: Benchmark indices rebound from early losses as Sensex jumps over 200 points, Nifty close to 9,000-mark

Stock Markets LIVE Today Updates: Benchmark indices pare losses; Sensex 96 points down, Nifty above 8,900-level

Markets end day's trading in red: Sensex down 310 points at 30,380, Nifty drops below 9,000-mark; Kotak Bank top loser, cracks 6%
Business

Markets end day's trading in red: Sensex down 310 points at 30,380, Nifty drops below 9,000-mark; Kotak Bank top loser, cracks 6%

Markets surged more than 2 percent in early deals as investors on Dalal Street shrugged off the dire forecasts of virtually no growth in 2020 and took positives from the reports that businesses could see phased opening from 20 April.

IMF projects India's GDP growth at 1.9% in 2020, forecasts global recession due to coronavirus
Business

IMF projects India's GDP growth at 1.9% in 2020, forecasts global recession due to coronavirus

The IMF on Tuesday projected a GDP growth of 1.9 percent for India in 2020, as the global economy hits the worst recession since the Great Depression in the 1930s due to the raging coronavirus pandemic that has nearly stalled all economic activities across the world

Coronavirus Outbreak: IMF anticipates sharpest negative economic growth fallout since Great Depression
Business

Coronavirus Outbreak: IMF anticipates sharpest negative economic growth fallout since Great Depression

The year 2020 could see the worst global economic fallout since the Great Depression in the 1930s with over 170 countries likely to experience negative per capita income growth due to the raging coronavirus pandemic, IMF Managing Director Kristalina Georgieva said on Thursday

Coronavirus outbreak has 'drastically altered' India's growth outlook, says RBI in Monetary Policy Report
Business

Coronavirus outbreak has 'drastically altered' India's growth outlook, says RBI in Monetary Policy Report

The outlook for India’s economic recovery has been sharply altered by the coronavirus outbreak, the central bank said in its Monetary Policy Report, underlining the pandemic’s deepening impact on South Asia’s engine of growth

Coronavirus Outbreak: Manufacturing activities shrink in March in US, world; new orders decline to lowest level
Business

Coronavirus Outbreak: Manufacturing activities shrink in March in US, world; new orders decline to lowest level

JP Morgan reported that global manufacturing shrank in March. Its worldwide manufacturing index registered 47.6 in March.

Coronavirus Outbreak: Asian stocks slip; crude looks set for further losses as global recession looms
Business

Coronavirus Outbreak: Asian stocks slip; crude looks set for further losses as global recession looms

Stocks on Wall Street fell more than 4 percent as the warning of a potentially massive death toll and growing evidence of a deep economic downturn reinforced expectations that corporate results will suffer in the first quarter and then turn sharply lower

Coronavirus Outbreak: IMF says world has entered recession due to global pandemic, but projects recovery in 2021
Business

Coronavirus Outbreak: IMF says world has entered recession due to global pandemic, but projects recovery in 2021

'We have reassessed the prospects for growth for 2020 and 2021. It is now clear that we have entered a recession as bad or worse than in 2009. We do project recovery in 2021,' IMF Managing Director Kristalina Georgieva told reporters at a news conference.

Global economy continues to slide as coronavirus outbreak worsens; uncertainty to remain for several months: Moody's
Business

Global economy continues to slide as coronavirus outbreak worsens; uncertainty to remain for several months: Moody's

A sharp contraction of the global economy, at least in the second quarter, appears imminent, it said in its latest special series 'Credit Risks in Turbulent Times.'

Coronavirus outbreak could cost global economy up to $2 trillion, cause recession in some countries, says UNCTAD
World

Coronavirus outbreak could cost global economy up to $2 trillion, cause recession in some countries, says UNCTAD

The coronavirus outbreak could cost the global economy up to $2 trillion this year, the UNCTAsaid, warning that shock from the epidemic will cause a recession in some countries and depress global annual growth to below 2.5 percent

US banks in coronavirus contingency mode with staff, visitors, regulators; fear looms about epidemic leading to global recession
Business

US banks in coronavirus contingency mode with staff, visitors, regulators; fear looms about epidemic leading to global recession

The preparations come amid growing fears that the fast-spreading virus which has infected around 83,000 people in more than 50 countries could lead to a global recession

Global recession likely if coronavirus becomes pandemic with infections surging in Italy, Korea: Moody's Analytics
Business

Global recession likely if coronavirus becomes pandemic with infections surging in Italy, Korea: Moody's Analytics

A global recession is likely if coronavirus becomes a pandemic, and the odds of that are uncomfortably high and rising with infections surging in Italy and Korea, Moody's Analytics said on Wednesday

Gold imports plunge 12% to hit three-year low in 2019, record high prices dent demand; trade deficit narrows
Business

Gold imports plunge 12% to hit three-year low in 2019, record high prices dent demand; trade deficit narrows

In August last year, the domestic spot gold prices surged to a life-time high of Rs 40,220 per 10 grams due to worries over a possible global recession and uncertainty over the US-China trade talks.

GDP growth at 5%: P Chidambaram slams Narendra Modi govt but forgets own uninspiring track record as finance minister
India

GDP growth at 5%: P Chidambaram slams Narendra Modi govt but forgets own uninspiring track record as finance minister

In the entire 2012-13 fiscal, under the ‘able hands’ of economist prime minister Manmohan Singh and finance minister Chidambaram, India’s GDP growth had crashed to 4.8 percent in the January-March quarter and fell to a decade’s low of 5 percent for the entire 2012-13 fiscal.

Gold price nears Rs 40,000 per 10 gram, silver soars Rs 2,110 on higher demand from local jewellers
Business

Gold price nears Rs 40,000 per 10 gram, silver soars Rs 2,110 on higher demand from local jewellers

Traders and analysts said higher uptake by local jewellers ahead of festive season and investors preferring gold as a safe-haven asset helped the yellow metal touch its new all-time high level.