Page 15 - Latest Updates on Recession
Inverted US yield curve no more a worry for markets; here's why
The current yield inversion has more to do with the temporary demand-supply mismatch in the bond market and doesn't necessarily signal a recession in the US
 "Inverted US yield curve no more a worry for markets; here's why")
Sri Lanka avoids recession in Dec quarter, GDP grows 3.7% in 2021
Sri Lanka's economy grew at a slower-than-expected 1.8% in the 4th quarter of the 2021 financial year, taking its full year growth to 3.7 per cent, data from the govt's statistics department showed
 "Sri Lanka avoids recession in Dec quarter, GDP grows 3.7% in 2021")
Anticipated aggressive rate hikes by Fed drive up recession concerns
The Fed kicked off a new tightening cycle by raising the benchmark interest rate by 25 bps to a range of 0.25 to 0.5 per cent on March 16
 "Anticipated aggressive rate hikes by Fed drive up recession concerns")
Ukraine war threatens another global recession, deglobalisation: Patra
While immediate implications are likely lower growth, higher inflation and disruptions to financial markets, the longer-term implications are disruptions to global supply chains, he said
 "Ukraine war threatens another global recession, deglobalisation: Patra")
Omicron leaves Germany on brink of recession as growth dips
Output in Germany fell by between 0.5% and 1% in the fourth quarter, the state statistics agency Destatis said Friday.
 "Omicron leaves Germany on brink of recession as growth dips")
What is the Contingency Fund of India?
Contingency is a negative event which may occur in future, like recession or pandemic. The Constitution has a provision for a contingency fund. Its corpus is always kept intact. Find out how it works
 "What is the Contingency Fund of India?")
White House warns of a global financial crisis on debt default: Report
The potential for global recession could be worse than the 2008 GFC : Report
 "White House warns of a global financial crisis on debt default: Report")
Evergrande crisis isn't China's 'Lehman moment' for Citi, Barclays
Barclays argues the market environment isn't similar to what happened during the collapse of Lehman Brothers
 "Evergrande crisis isn't China's 'Lehman moment' for Citi, Barclays")
More red ink: US budget deficit through July hit $2.54 trillion
The US budget deficit hit $2.54 trillion for the first 10 months of this budget year, fed by spending to support the country after the pandemic-induced recession
 "More red ink: US budget deficit through July hit $2.54 trillion")
FMCG cos see double-digit sales growth in Apr-June qtr amid pandemic
Leading FMCG companies in the country are expecting their sales growth numbers in high double digit in the April-June quarter
 "FMCG cos see double-digit sales growth in Apr-June qtr amid pandemic")
Cafe Coffee Day withdraws a lot of vending machines from customer locations
This comes as pandemic took a toll on demand.
 "Cafe Coffee Day withdraws a lot of vending machines from customer locations")
Global economy expected to expand 5.6% in 2021, says World Bank
This would be the fastest post-recession pace in 80 years
 "Global economy expected to expand 5.6% in 2021, says World Bank")
The Covid-19 pandemic trauma has changed economics, maybe forever
The Great Recession that followed the crash of 2008 had already triggered a rethink
 "The Covid-19 pandemic trauma has changed economics, maybe forever")
EU economy to expand, bouncing back from coronavirus pandemic crisis
European Union economy is set to bounce back strongly this year after the deep coronavirus recession and member states are forecast to have recouped the ground lost by the end of next year
 "EU economy to expand, bouncing back from coronavirus pandemic crisis")
Recession risk looms as Japan eyes state of emergency to contain pandemic
A renewed state of emergency would also cast doubt on whether Tokyo can host the Olympics in July, despite Prime Minister Yoshihide Suga's assurances it will proceed as planned
 "Recession risk looms as Japan eyes state of emergency to contain pandemic")
Q3 GDP growth number: Covid-driven recession over, double dip ahead
GDP is implicitly projected by NSO to slip back into contraction of 1.1% in Q4FY21. This appears to be an outcome of the back-ended release in the Govt's subsidies that is on the anvil in Q4
 "Q3 GDP growth number: Covid-driven recession over, double dip ahead")
India looks set to beat recession even as new coronavirus cases loom
India will become one of the few major economies to post growth in the last quarter of 2020, with any improvement in the economy's performance inversely tied to a drop in Covid-19 infections
 "India looks set to beat recession even as new coronavirus cases loom")
India's recession exit gains momentum on services, manufacturing
Official data on Friday is likely to show that India exited a recession in the final three months of 2020, with economists in a Bloomberg survey forecasting a GDP expansion of 0.5% from a year ago
 "India's recession exit gains momentum on services, manufacturing")
Swiss economy seen tipping into recession on Covid-19 pandemic shutdowns
The median forecast was for a 0.7 per cent drop in gross domestic product in the final quarter of 2020
 "Swiss economy seen tipping into recession on Covid-19 pandemic shutdowns")
US economy contracts in 2020; worst performance since 1946
The Federal Reserve on Wednesday left its benchmark overnight interest rate near zero
 "US economy contracts in 2020; worst performance since 1946")
