In a hectic first term, Ardern faced New Zealand's worst terror attack, a deadly volcanic eruption, the country's deepest recession in more than 30 years, and the shared global threat of the COVID-19 pandemic
India’s economy likely to shrink by 3.2% in current fiscal, but expected to bounce back in 2021, says World Bank
India's economy will shrink by 3.2 percent in the current fiscal, the World Bank said on Monday as it joined a chorus of international agencies that are forecasting a contraction in growth rate due to the coronavirus lockdown
China's May factory activity grew at slower pace, but momentum in services, construction sectors quicken
While most businesses in China have reopened, many manufacturers are struggling with reduced or cancelled overseas orders as lockdowns push the global economy into recession
COVID-19 Impact: India facing worst recession since Independence; economy to shrink by 5% in current fiscal, says CRISIL
In the past 69 years, India has seen a recession only thrice - as per available data - in fiscals 1958, 1966 and 1980. The reason was the same each time - a monsoon shock that hit agriculture, then a sizeable part of the economy.
Coronavirus Lockdown: India faces worst recession in current fiscal; economy to shrink by 5%, says CRISIL
India's fourth recession since independence, the first since liberalisation and perhaps the worst to date, is here, CRISIL said on Tuesday as it predicted the economy to shrink by 5 percent in the current fiscal because of coronavirus lockdown
Japan to end Tokyo's state of emergency, eyes fresh $930 bn stimulus; eyes to expand economic activities in stages
To support an economy on track for its deepest slump in postwar history, the government is considering fresh stimulus worth 100 trillion yen ($930 billion), mostly comprising financial aid for companies, the Nikkei newspaper said.
FIFA World Cup 2022 organisers fear fans won't be able to afford travelling to Qatar if coronavirus pandemic causes recession
Organisers of the FIFA World Cup 2022 in Qatar are concerned that many fans won't be able to afford travelling to the tournament if the coronavirus pandemic causes a global recession.
Recession, high unemployment, another pandemic outbreak biggest near-term worries; economic distress to rise: WEF study
As per the study, two-thirds of respondents identified a "prolonged global recession" as a top concern for business.
US unemployment rate spikes to 14.7% in April, highest since Great Depression; 20.5 million jobs vanish
The government's report Friday noted that many people who lost jobs in April but didn't look for another one weren't even counted in the unemployment rate.
Coronavirus Outbreak: US economy shrinks at 4.8% in January-March quarter, first-time in six years; recession fear looms
The US economy shrank at a 4.8 percent annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record
Coronavirus Outbreak: UK inflation falls as shoppers turn cautious during pandemic crisis; clothing, footwear prices dip
BoE deputy governor Ben Broadbent said on Monday inflation in Britain was likely to fall below 1% in the coming months.
Stock Market Today Latest Updates: Indices give up gains as Sensex tanks over 300 points, Nifty above 8,900-mark; bank, auto, energy stock fall
Stock Market Today LIVE Updates: Sensex soars above 770 points, Nifty crosses 9,200-mark; Rupee opens high
Coronavirus Outbreak: Kiran Nadar paints gloomy forecast for India's art market, predicts possible drop in prices
Kiran Nadar says that a range of concerns face museums and players in the art world, including tighter liquidity, falling prices of artworks, and the slim chances of visitors returning to museums and galleries, even after the lockdown is over
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
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: Wobbly US fiscal response, tech glitches could deepen crisis, lengthen recession
The US government’s massive effort to nurse the economy through the coronavirus crisis was billed as a send-money-and-don’t-sweat-the-details flood of cash to people and businesses in a $22 trillion system that has ground to a halt
Coronavirus pandemic set to tip Japan into deep recession this year; Bank of Japan seen easing again
Japan is expected to slip into a deep recession this year with the economy set to contract for a third straight quarter in April-June, a <em>Reuters</em> poll showed on Wednesday, as the coronavirus outbreak wreaks havoc on businesses and daily life
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
Talking of the employment sector, Yellen said she was expecting higher percentages of unemployment due to the coronavirus outbreak.
Coronavirus Outbreak: World economy will go into recession with likely exception of India, China, says UN
The world economy will go into recession this year with a predicted loss of trillions of dollars of global income due to the coronavirus pandemic, spelling serious trouble for developing countries with the likely exception of India and China, according to a latest UN trade report