Page 5 - Latest Updates on Recession
Bearish bets on Asian FX stay firm on towering dollar, slowdown fears: Poll
Bearish bets on Asian currencies stayed firm due to the unrelenting strength of the US dollar, as ultra-hawkish posturing by most central banks globally stoked fears of recession, a poll showed
 "Bearish bets on Asian FX stay firm on towering dollar, slowdown fears: Poll")
Global copper market to have a surplus of 155,000 tonnes in 2023, says ICSG
Three-month copper on the London Metal Exchange was trading around $7,363 a tonne on Wednesday having declined more than 30% on growing recession fears since scaling a record peak of $10,845 in March
 "Global copper market to have a surplus of 155,000 tonnes in 2023, says ICSG")
Oil prices steady today on US dollar weakness; recession fears weigh
Oil prices steadied in early Asian trade as a weaker US dollar lent support
 "Oil prices steady today on US dollar weakness; recession fears weigh")
Asia stocks rise as relief rally builds after UK U-turn on fiscal policy
Asia stocks nudged higher as the dramatic U-turn in British fiscal policy brightened investor sentiment, while the US dollar took a breather at its lowest levels in more than a week
 "Asia stocks rise as relief rally builds after UK U-turn on fiscal policy")
Top Headlines: Diesel car cost likely to rise, recession in 2023, and more
Indian CEOs are expecting a decline in growth prospects of companies and the country, but are expecting to bounce back in the short-term, a report said
 "Top Headlines: Diesel car cost likely to rise, recession in 2023, and more")
66% CEOs in India expect recession in 2023; layoffs on the cards
Eighty-six per cent CEOs in India, compared to 71 per cent CEOs globally, predict that a recession will impact company earnings by up to 10 per cent over the next 12 months.
 "66% CEOs in India expect recession in 2023; layoffs on the cards")
TN taking steps to withstand possible recession: State finance minister
"Governance is akin to playing a game of chess, where you have to plan at least two-three moves ahead. We plan things ahead for next six months as well as two years ahead," he said.
 "TN taking steps to withstand possible recession: State finance minister")
58% of CEOs in India expect a recession to be mild and short: KPMG survey
66 per cent CEOs in India compared to 86 per cent globally anticipating a recession to hit over the next year
 "58% of CEOs in India expect a recession to be mild and short: KPMG survey")
Oil prices steady as recession fears counter positive Chinese signals
Oil prices were steady on Monday as China's continuation of loose monetary policy was offset by fears that high inflation and energy costs could drag the global economy into recession
 "Oil prices steady as recession fears counter positive Chinese signals")
Despite global headwinds, Indian economy will stay on course: Sitharaman
The Indian economy will stay on course despite global headwinds and is projected to grow at seven per cent in fiscal 2022-23, Finance Minister Nirmala Sitharaman has said
 "Despite global headwinds, Indian economy will stay on course: Sitharaman")
India among very few standout performers in a world of uncertainties: FM
In a world of uncertainties, India is one of the very few standout performers, Nirmala Sitharaman said, a day after the IMF described the country as a bright spot in a global economy
 "India among very few standout performers in a world of uncertainties: FM")
India unlikely to be hit hard by global recession, says SBI chairman
The impact of a global recession, which is increasingly being feared by IMF and World Bank, is unlikely to be as pronounced in India as compared to other countries, SBI Chairman Dinesh Khara said
 "India unlikely to be hit hard by global recession, says SBI chairman")
Oil prices dip amid recession fears, weak demand but supply cuts support
Brent crude futures were down $1.49, or 1.6%, at $93.08 a barrel at 1330 GMT while U.S. West Texas Intermediate (WTI) crude futures fell $1.64, or 1.8%, to $87.47.
 "Oil prices dip amid recession fears, weak demand but supply cuts support")
Will IT stocks survive recession fears?
Despite a bleak global outlook, top Indian IT giants wrapped up their Q2 earnings in line with the Street's expectations. What do Q2 results indicate for the IT sector amid growing fears of recession?
 "Will IT stocks survive recession fears?")
The crises we choose: Global recession, war or energy?
The pandemic has increased the global extreme poverty rate from an estimated 8.4 per cent in 2019 to 9.3 per cent in 2020. But the rich country ecosystem is noticeably silent on this
World dangerously close to recession, warns World Bank President
World Bank President David Malpass on Thursday warned that the global economy is "dangerously close" to a recession and called for targeted support for the poor
 "World dangerously close to recession, warns World Bank President")
Oil prices slip as IEA warns of global recession, dented fuel demand
Brent crude futures fell 23 cents, or 0.3%, to $92.22 a barrel by 1349 GMT. U.S. West Texas Intermediate crude was down 52 cents, or 0.6%, at $86.75 a barrel
 "Oil prices slip as IEA warns of global recession, dented fuel demand")
Oil prices rise on tight supplies, as IEA warns of global recession
The IEA downgraded its oil demand growth estimates slightly for this year to 1.9 million bpd and by 470,000 bpd in 2023 to 1.7 million bpd
 "Oil prices rise on tight supplies, as IEA warns of global recession")
Recession fears mount as UK GDP falls 0.3% in Aug after 0.1% growth in July
The UK's gross domestic product (GDP) declined by 0.3 per cent in August, after growth of 0.1 per cent in July, the Office for National Statistics (ONS) has said
 "Recession fears mount as UK GDP falls 0.3% in Aug after 0.1% growth in July")
UK economy shrank in August, now on brink of recession: Report
Weakness in manufacturing and maintenance work in North Sea oil and gas fields contributed to a 0.3% fall in GDP from July, and the report also showed how a jump in inflation was hitting consumers
