 "What is Recession?")
Recession
What is Recession?
A recession is when the GDP growth rate of a country is negative for two consecutive quarters or more. But a recession can be gauged even before the quarterly gross domestic product reports are out based on key economic indicators like manufacturing data, decline in incomes, employment levels etc.,
Although an economy can show signs of weakening months before a recession begins, the process of determining whether a country is in a true recession (or not) often takes time. A recession is short, but its impact can be long-lasting.
Why do recession occur?
Understanding the sources of recessions has been one of the
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Latest Updates on Recession
Banking crisis has increased odds of recession, says JPMorgan's Jamie Dimon
The government shouldn't overreact to the banking crisis by imposing more rules on the industry, Dimon said
 "Banking crisis has increased odds of recession, says JPMorgan's Jamie Dimon")
Potential US recession signal sets off global rush into Indonesian bonds
With the US and Indonesian central banks seen approaching the end of their respective hiking cycles, inflows looking for higher carry returns are likely to keep increasing in the second quarter
 "Potential US recession signal sets off global rush into Indonesian bonds")
If layoffs accelerate in next few months, a recession 'will be underway'
One of the best indicators of an impending recession is the inverted yield curve, particularly the difference between the 10-year Treasury note and the three-month T-bill
 "If layoffs accelerate in next few months, a recession 'will be underway'")
Storm clouds of food inflation, recession continue this year: Nestle CMD
Nestle India has a comprehensive process of commodity procurement and business-continuity measures towards meeting exigencies
 "Storm clouds of food inflation, recession continue this year: Nestle CMD")
UK Treasury chief Jeremy Hunt predicts 'no recession' in Britain this year
UK Treasury chief Jeremy Hunt has predicted the country will not enter technical recession this year
 "UK Treasury chief Jeremy Hunt predicts 'no recession' in Britain this year")
Widening deficit: Worries persist over FY24 current account balance
CAD may be better than expected in FY23, but India won't be completely out of the woods next year, says official
 "Widening deficit: Worries persist over FY24 current account balance")
Bosch's India unit reports 36% jump in profits, warns of "challenging 2023"
Bosch Ltd, the Indian unit of German automotive supplier Bosch, on Tuesday warned of a "challenging 2023" amid growing fears of recession, after reporting a 36% jump in third-quarter profit.
 "Bosch's India unit reports 36% jump in profits, warns of \"challenging 2023\"")
Our capex increase accounts for global slowdown: Finance secy TV Somanathan
"The government's welfare schemes are quite large, comprehensive, well spread and the emphasis is on implementation rather than on budget provisions"
 "Our capex increase accounts for global slowdown: Finance secy TV Somanathan")
Firms expect layoffs, cut down in expansions in 2023 amid recession fears
The survey shows that business owners are still concerned that the Fed's decision-making could push too hard on the economy and potentially put the US into a recession this year
 "Firms expect layoffs, cut down in expansions in 2023 amid recession fears")
Wall Street opens lower; US may be heading for a painful recession
Futures for the Dow Jones Industrial Average and the S&P 500 slid 0.8% before the opening bell
 "Wall Street opens lower; US may be heading for a painful recession")
Inflation eases slightly to 10.5% in Dec: UK national statistics office
The annual inflation rate for transport was 6.9 per cent in December, down for a sixth consecutive month, and the main driver behind the easing came from motor fuels, the ONS said
 "Inflation eases slightly to 10.5% in Dec: UK national statistics office")
Belying slowdown fears, Indian economy's animal spirits move to the right
Prices of finished products rose as firms passed on higher input costs and business expenses
 "Belying slowdown fears, Indian economy's animal spirits move to the right")
India's capex spending likely to slow on lower tax haul, global recession
Analysts say that as recessionary woes spread globally, India's tax collections and asset sales are likely to fall.
 "India's capex spending likely to slow on lower tax haul, global recession")
What are PM, FM hiding: Cong leader Jairam on Rane's 'recession' remark
What are PM and FM hiding from the country, Congress leader Jairam Ramesh asked on Tuesday after Union minister Narayan Rane's remarks indicating that India may face an economic slowdown after June
 "What are PM, FM hiding: Cong leader Jairam on Rane's 'recession' remark")
US interest rate-cut expectations have yellow metal shining bright
Mild recession, low inflationary pressures in the US and a stronger rupee would act as headwinds
 "US interest rate-cut expectations have yellow metal shining bright")
Recession likely this year; India may benefit from global trends: WEF
A third of respondents consider a global recession to be unlikely this year
 "Recession likely this year; India may benefit from global trends: WEF")
Amid mass job cuts, Amazon HR staff turn from hiring to seeking jobs
Some Amazon.com Inc. employees are publicly posting that they are #OpenToWork on LinkedIn while still employed by the company
 "Amid mass job cuts, Amazon HR staff turn from hiring to seeking jobs")
A matter of governance: When independent directors call it quits midway
Most independent directors who quit do not explain why they are leaving before the end of their terms
 "A matter of governance: When independent directors call it quits midway")
Global PC demand down amid recession fears, steepest decline since mid-90s
For the entire year, PC shipments reached 286.2 million units in 2022, a 16.2 per cent decrease from 2021
 "Global PC demand down amid recession fears, steepest decline since mid-90s")
World Bank cuts 2023 economic growth forecasts, warns of global recession
Spillovers from a period of pronounced weakness in the US, China and the European Union are exacerbating other headwinds faced by poorer nations
 "World Bank cuts 2023 economic growth forecasts, warns of global recession")
