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Friday, July 10, 2020

Great Depression

GREAT DEPRESSION NEWS

Virus pushes US unemployment toward highest since Depression

April 24, 2020 10:31 am

In response to the deepening economic crisis, the House passed a nearly USD 500 billion spending package to help buckled businesses and hospitals.

Record 22 million have sought US jobless aid since virus

April 16, 2020 7:08 pm

Some economists say the unemployment rate could reach as high as 20% in April, which would be the highest rate since the Great Depression of the 1930s.

2020 could see worst global economic fallout since Great Depression: IMF

April 09, 2020 10:43 pm

The Managing Director of IMF, Kristalina Georgieva observed that COVID-19, which has disrupted social and economic order at lightning speed is causing a tragic loss of life while the lockdown has affected the lives of billions of people.

The risk to jobs due to coronavirus pandemic is now ‘unprecedented since the Great Depression’

April 06, 2020 2:05 pm

Rising unemployment will intensify pressure on governments and central banks to speed delivery of programs to either compensate workers who are made redundant, or try to persuade employers to hoard staff until the virus fades.

Economists comparing current crisis with Great Depression: What was it?

April 06, 2020 12:16 pm

With the novel coronavirus pandemic severely affecting the global economy, some experts have begun comparing the current crisis with the Great Depression.

World is sleepwalking towards another financial crisis, warns former UK PM

September 13, 2018 3:55 pm

The major reason behind this, he says, is that the governments have failed to tackle the causes of the last major financial crash that followed the collapse of the US investment bank Lehman Brothers a decade ago

Out of my mind: Hard work forever

December 07, 2014 1:49 am

On the centenary of the First World War, where are we now? Asia has emerged as an economic miracle.

Rajan urges regulators to 'lean into the wind'

November 13, 2013 1:47 am

RBI Governor on Tuesday called for regulators to exert greater caution.

The Yellen promise

October 15, 2013 3:33 am

But for emerging markets,the solutions begin at home

Different strokes

September 30, 2013 3:12 am

Emerging economies should not be regulated in terms meant for advanced ones