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Page 4 - Global Economic Crisis

With global finances at risk, can India avoid a repeat of the 1991 crisis?

India may have done well by keeping commercial bank lending to the government within manageable limits, but RBI has been lending more to the government, which means it has been printing more notes

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Updated On : 25 Apr 2022 | 8:03 AM IST

Covid, soaring inflation threaten second winter of woe for world economy

Among the outcomes anticipated by economists are slowing manufacturing and services activity throughout the euro zone and the U.K., and only modest improvement in the U.S.

Covid, soaring inflation threaten second winter of woe for world economy
Updated On : 21 Nov 2021 | 8:09 AM IST

President Biden bound for global summits as domestic agenda in limbo

As he prepares to push that message at a pair of global summits, his case could hinge on what's happening in Washington.

President Biden bound for global summits as domestic agenda in limbo
Updated On : 28 Oct 2021 | 1:34 PM IST

Warning signs for global recovery as Delta variant dims outlook

Investor sentiment has become more cautious, according to weekly polls by the American Association of Individual Investors

Warning signs for global recovery as Delta variant dims outlook
Updated On : 23 Jul 2021 | 1:27 AM IST

Covid-19 created employment crisis, 'all countries have suffered': ILO

UN agency predicts uneven economic recovery in second half of 2021, but newly created jobs will be of low quality.

Covid-19 created employment crisis, 'all countries have suffered': ILO
Updated On : 03 Jun 2021 | 7:16 AM IST

Recovery underway after worst global recession since World War II: IMF MD

IMF Managing Director Christine Georgieva has said that after the worst global recession since the Second World War, the recovery is underway

Recovery underway after worst global recession since World War II: IMF MD
Updated On : 08 Apr 2021 | 6:35 AM IST

Oil nearing $70 worries consumer nations, may hamper economic recovery

Consuming nations will bear the cost of pricier energy, potentially fanning inflation and hurting their recoveries

Oil nearing $70 worries consumer nations, may hamper economic recovery
Updated On : 09 Mar 2021 | 8:09 AM IST

Ford Motor, Mahindra call off JV over global economic, business conditions

The latest move will not have any impact on its product plan, Mahindra and Mahindra said

Ford Motor, Mahindra call off JV over global economic, business conditions
Updated On : 01 Jan 2021 | 1:18 PM IST

World experiencing worst recessions since Great Depression due to Covid: WB

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

World experiencing worst recessions since Great Depression due to Covid: WB
Updated On : 15 Oct 2020 | 11:10 AM IST

G20 nations pledge to do 'whatever it takes' to support global economy

IMF Managing Director Kristalina Georgieva said only three eligible countries had even reached out to private creditors out of fear of marring their ability to borrow in the future

G20 nations pledge to do 'whatever it takes' to support global economy
Updated On : 15 Oct 2020 | 7:47 AM IST

Oil down 3% after Donald Trump gets coronavirus and economies wobble

Brent crude slipped on the Trump news and was down $2.05, or 5.01%, at $38.88 a barrel by 1324 GMT. US oil was down $2.01, or 5.19%, at $36.71

Oil down 3% after Donald Trump gets coronavirus and economies wobble
Updated On : 02 Oct 2020 | 9:48 PM IST

India among worst-performing economies; stimulus lacking: Abhijit Banerjee

He, however, said that the country will see a revival in growth in the July-September quarter of the current fiscal

India among worst-performing economies; stimulus lacking: Abhijit Banerjee
Updated On : 29 Sep 2020 | 8:46 PM IST

Are intellectuals killing convergence?

A historic process of deglobalisation is underway which can scuttle the growth of poor nations. Disturbingly, this shift has been met by silence or even encouragement by those who should know better

Are intellectuals killing convergence?
Updated On : 25 Sep 2020 | 1:48 AM IST

Lebanon inflation soars to 112% year-on-year in July amid economic meltdown

Lebanon's inflation rate soared to 112.4% year-on-year in July amid an economic meltdown, latest official data showed

Lebanon inflation soars to 112% year-on-year in July amid economic meltdown
Updated On : 27 Aug 2020 | 9:11 AM IST

Global dividend plunge to be worst since financial crisis; may drop by 23%

Global dividend payments plunged $108 billion to $382 billion in the second quarter of the year

Global dividend plunge to be worst since financial crisis; may drop by 23%
Updated On : 24 Aug 2020 | 7:56 AM IST

We urgently need new tools to measure economic recovery after coronavirus

The IMF has revised downward its forecast for global economic growth from -3% to -4.9% this year

We urgently need new tools to measure economic recovery after coronavirus
Updated On : 29 Jul 2020 | 4:33 PM IST

Banks stockpile billions as they prepare for things to get worse

Collectively, JPMorgan Chase, Citigroup and Wells Fargo have put aside $25 billion during the second quarter, they said. As a result, their quarterly profits plunged.

Banks stockpile billions as they prepare for things to get worse
Updated On : 15 Jul 2020 | 11:57 PM IST

IMF says coronavirus crisis could ultimately test $1 trillion war chest

The IMF on Tuesday forecast a deeper global recession than initially anticipated, as business closures, travel restrictions and social distancing measures persist in most countries

IMF says coronavirus crisis could ultimately test $1 trillion war chest
Updated On : 27 Jun 2020 | 12:28 PM IST

Covid-19 batters global economy, jobs - even without 2nd wave: OECD report

With or without a second outbreak, the consequences will be severe and long-lasting, the report says

Covid-19 batters global economy, jobs - even without 2nd wave: OECD report
Updated On : 10 Jun 2020 | 6:18 PM IST

The economic crisis and India's role in post-coronavirus multilateralism

The world gross domestic product is expected to contract by 3%, international trade may decline by up to 32%, and 49 million people could slip into extreme poverty

The economic crisis and India's role in post-coronavirus multilateralism
Updated On : 23 May 2020 | 11:24 PM IST