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RECESSION NEWS

Recession: July-Sept GDP to contract 8.6%, estimates RBI

November 12, 2020 10:25 am

The RBI, however, said the economy will break out of contraction of the six months gone by and return to positive growth in the October-December quarter of 2020-21.

World experiencing one of the deepest recessions since Great Depression due to COVID-19: World Bank

October 15, 2020 11:03 am

World Bank President David Malpass told reporters that given the extent of the economic contraction, there was a rising risk of disruptive debt crises in countries.

UK slashes official virus death toll by more than 5,000

Explained: What is behind the UK's recession, and is India too headed for one?

August 13, 2020 8:32 am

The United Kingdom — which already has the highest death toll in Europe from the virus — seems to be paying for being late in imposing lockdown restrictions, as compared to its neighbours such as Spain and France.

InsuranceDekho to hire over a lakh agents

May 15, 2020 9:07 am

InsuranceDekho is planning to hire around a lakh agents across the country, it claimed in a release.

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Nations debate easing virus restrictions as economies falter

April 18, 2020 3:36 pm

Many places have mandated strict restrictions on movement to try to stop the spread of a new coronavirus that has infected more than 2.2 million people and for which there is no vaccine.

IMF projects India's growth rate at 1.9% this year, forecasts global recession due to COVID-19

April 14, 2020 8:11 pm

IMF Chief Economist Gita Gopinath said that that the crisis posed by the pandemic has left uncertainty on the lives of people and their livelihoods.

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‘India’s GDP growth to plunge to 1.6% in FY21; world faces recession’

April 09, 2020 10:33 am

The Reserve Bank of India had earlier forecast a 5 per cent GDP growth for FY20. However, Goldman Sachs said it expects a strong sequential recovery in the second half of the fiscal year, based on three assumptions.

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Why the global recession could last a long time

April 02, 2020 10:56 am

The abrupt halt of commercial activity threatens to impose economic pain so profound and enduring in every region of the world at once that recovery could take years. The losses to companies, many already saturated with debt, risk triggering a financial crisis of cataclysmic proportions.

Markets plunge as a global recession appears almost inevitable

March 17, 2020 4:54 pm

Even US President Donald Trump’s boundless enthusiasm for the US economy has wilted in the face of what promises to be a widespread economic slowdown, as he acknowledged Monday that the country might be heading toward a recession.

Global recession likely if coronavirus becomes pandemic: Moody's Analytics

February 26, 2020 5:33 pm

The outbreak of the virus, officially called COVID-19, was first detected in Wuhan in China in December and has since affected thousands of people across the globe.

RECESSION VIDEOS

Global market fears recession: market expert

January 14, 2016 7:14 am

Delhi, Jan 14 (ANI): Market Expert Akash Jindal on Thursday asserted that the breakdown of Chinese market and the reduction in crude oil prices might hit recession in the global market. He also said that the downfall of international market had bad impact on the Indian market.