Page 46 - Global Economy

India Inc rules out cut in jobs and salaries amid coronavirus outbreak

The salary and job cuts are likely in the high-risk services sector, including airlines, hotels, malls, multiplexes, restaurants, and retailers

Coronavirus pandemic has already put global economy into recession: Poll

More than three-quarters of economists based in the America, and Europe polled this week

S&P lowers India's growth forecast to 5.2% for 2020 amid Covid-19 pandemic

S&P Global Ratings on Wednesday lowered India's economic growth forecast to 5.2 per cent for 2020, saying the global economy is entering a recession amid the coronavirus pandemic. The agency had earlier projected a growth rate of 5.7 per cent during the 2020 calendar. Asia-Pacific economic growth in 2020 will be more than halve to less than 3 per cent as the "global economy enters a recession", S&P said in a statement. An enormous first-quarter shock in China, shutdowns across the US and Europe, and local virus transmission guarantees a deep recession across Asia-Pacific, said Shaun Roache, chief Asia-Pacific economist at S&P Global Ratings. "We lower our forecasts for China, India, and Japan for 2020 to 2.9 per cent, 5.2 per cent and -1.2 per cent (from 4.8 per cent, 5.7 per cent, and -0.4 per cent previously)," S&P said. On Tuesday, Moody's Investors Service had lowered India's economic growth forecast for 2020 to 5.3 per cent (from 5.4 per cent), in the wake of the .

Are we heading towards a global recession? Here's what top brokerages say

Analysts fear that the impact this time would be deeper than that of the 8-month long economic downturn in 2001 and the one in early 1990s

Recession risk calls for joint response, says UN chief Antonio Guterres

The pandemic had created a "real and growing risk of a global recession," the former Portuguese premier said

Statsguru: Oil price fall, coronavirus fear trigger global growth concerns

Fears that the spread of COVID-19 would push the global economy into recession have led to extreme risk aversion among investors

Stresses, known and unknown

Global financial market stress driving market volatility; economic impact of coronavirus and drop in oil prices remain uncertain

Policy after COVID-19

Globally, economic policy could soon be in uncharted territory

Don't increase your equity allocations

Better bargains may be available in the next few months

Coronavirus pandemic: How Covid-19 led to global market rout, hit economy

Many seminars, movie releases - James Bond movie - No Time To Die, Sooryavanshi, Mulan, Fast 9 - have been postponed. Rock concerts have aken a hit.

Rupee sinks to fresh 17-month low over coronavirus, recession fears

Indian equity markets suffering their worst single-day losses and stock indices slipping into bear territory also hit the rupee sentiment

Best of BS Opinion: Italy locks down, branded generics market, and more

From why analysing state Budgets can be a challenging exercise to how the success of fact-checkers lies in the failure of journalism, here's a selection of Business Standard Opinion pieces for the day

Coronavirus outbreak: Govt suspends visas for three more countries

Dell advises work from home after employee tests positive; Mindtree, too, reports a case

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

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

Australian PM to announce stimulus package soon as Covid-19 impacts economy

The prime minister said the impacts from the coronavirus outbreak were "potentially greater" than the global financial crisis of 2008

YES Bank resolution will be swift, 30 days is an outer limit: RBI governor

The RBI governor also said that the impact of Covid-19 on India will be limited

Economic lessons of coronavirus

Coronavirus' genesis in China, and its transitive impact on global economic activity, portend important lessons for economists

Virus forces world to rethink strategy

Developing more sources of supplies to guard against disruptions may emerge as the next big trend. But with what's happening in Delhi, India stands to lose out on a chance

India will be one of top 3 global economies by 2025, says Anurag Thakur

Thakur said various financial institutions, including IMF and RBI, have projected that India will once again attain fast growth