Page 21 - Latest Updates on Recession
Coronavirus outbreak: Govt suspends visas for three more countries
Dell advises work from home after employee tests positive; Mindtree, too, reports a case
 "Coronavirus outbreak: Govt suspends visas for three more countries")
That 1970s feeling
Next global recession could be around the corner and it may look a lot different from those that began in 2001 and 2008
 "That 1970s feeling")
Coronavirus cases in India cross 60; UNCTAD warns of global recession
The United Nations Conference on Trade and Development said the virus outbreak can cost global economy up to $2 trillion this year
How coronavirus outbreak is reshaping Italy's economy as recession looms
The country has already shed 4% of GDP in back-to-back recessions in the first two decades of the century, and recovery has been stalled for the last two years
 "How coronavirus outbreak is reshaping Italy's economy as recession looms")
South Africa slips into recession, pressure mounts on Prez Ramaphosa's govt
The weak performance adds pressure on President Cyril Ramaphosa's administration which has been struggling to keep his election pledge to revive economic activity
 "South Africa slips into recession, pressure mounts on Prez Ramaphosa's govt")
That recession everyone feared just got priced out by a record stock rally
Very big years in markets rarely come right before recessions
 "That recession everyone feared just got priced out by a record stock rally")
India impacted by global recession, will emerge from it, says Rajnath Singh
India's GDP growth slowed for the sixth consecutive quarter in the July-September quarter to 4.5 per cent as manufacturing slumped on low domestic consumption.
 "India impacted by global recession, will emerge from it, says Rajnath Singh")
Economy may have slowed, but there's no recession, and there won't be: FM
Replying to a discussion on the economic situation, Nirmala Sitharman reeled out numbers to compare UPA and NDA
 "Economy may have slowed, but there's no recession, and there won't be: FM")
Stark recession warning of inverted yield curve looks so last year
Global share prices also aren't indicating trouble ahead on the economic front
 "Stark recession warning of inverted yield curve looks so last year")
Art in the time of recession
What insiders wish for is a revival of interest in contemporary artists and their work; many who made a name for themselves before the 2008 crash have still to recover
 "Art in the time of recession")
Brexit impact: UK avoids recession scare with 0.3% growth in Sep quarter
The technical definition of a recession is two straight quarters of negative growth.
 "Brexit impact: UK avoids recession scare with 0.3% growth in Sep quarter")
IT firms may shed 5-10% mid-level workforce, focus on digital: Infy ex-CFO
On the prospects of IT services companies in 2020, he said all the global economies seem to be stable and there are no fears of recession.
 "IT firms may shed 5-10% mid-level workforce, focus on digital: Infy ex-CFO")
Five-months of relentless anti-govt protests push Hong Kong into recession
Hong Kong's Financial Secretary said, the city is unlikely to achieve annual economic growth this year
 "Five-months of relentless anti-govt protests push Hong Kong into recession")
World economy needs intellectual revolution to get out of low-growth trap
Modern policy makers operate in a world of radical uncertainty. They simply do not know what might happen next - and under these conditions, economic models need to be seen in a new light
 "World economy needs intellectual revolution to get out of low-growth trap")
FPIs pull out over Rs 6,200 cr in Oct so far as global recession fears loom
Overseas investors were net buyers in the preceding month and had infused a net sum of Rs 6,557.8 crore in the domestic capital markets (both equities and debt), according to the data.
 "FPIs pull out over Rs 6,200 cr in Oct so far as global recession fears loom")
As IMF sees global recession on horizon, here are the signs to look out for
In the April 2009 study, its economists decided that declining per-capita GDP was the main indicator to monitor recession
 "As IMF sees global recession on horizon, here are the signs to look out for")
Value of downgraded debt trebles to Rs 1.38 trn in H1 of FY20: Crisil
Jewellery, garments, construction bear brunt of downgrades as slowdown, sharp fall in consumption demand, slower govt spending weigh
 "Value of downgraded debt trebles to Rs 1.38 trn in H1 of FY20: Crisil")
Trade war damage piles weight onto consumers, fans global recession fears
Morgan Stanley economists are already warning that American consumers are all that stand in the way of a US contraction
 "Trade war damage piles weight onto consumers, fans global recession fears")
Gold crosses Rs 40,000-mark for the first time on recession fears
Fresh buying by jewellers ahead of the festive season also aided the rally in the precious metal
 "Gold crosses Rs 40,000-mark for the first time on recession fears")
Deepening manufacturing slump puts Germany on the brink of recession
Economic momentum has stalled for the past year, and there are few signs the situation will improve any time soon
 "Deepening manufacturing slump puts Germany on the brink of recession")
