The disconnect between financial markets and the real economy can be illustrated by the recent decoupling between the soaring US equity markets and plunging consumer confidence
A total of 147 companies, including Apollo Hospitals, Ashok Leyland, and Bank of India are scheduled to announce their quarterly results today
The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage
The country was forced to sell its gold in early 1991 to raise emergency funding from the IMF
Gopinath said the economic crisis triggered by the novel coronavirus pandemic was more global and playing out differently than past crises
New estimates suggested that up to 100 million people could fall into extreme poverty as a result of the crisis, IMF Managing Director Kristalina Georgieva said
The government is struggling to strike a balance between fiscal consolidation and providing an impetus to economic growth
The anticipated economic slump is likely to weaken their prospects
The $1.39 billion loan is in addition to the $6 billion bailout package that Pakistan had signed with the IMF in July last year to stave off a balance of payment crisis
According to the International Monetary Fund, the pandemic is expected to cause the biggest recession since the Great Depression
The IMF managing director said the immediate priority was to minimise the pandemic's human toll and economic disruption
More than 2.14 million people in more than 210 countries and territories have been reported to be infected by the coronavirus globally, and as many as 143,744 have died so far
Printing money to fund crisis measures is not without risk; countries like the US might get away with it, but the price for excess is always greater for a developing country, writes T N Ninan
Job losses, destruction of informal sector and inadequate government support could push India back by a decade in poverty-reduction progress
Gopinath said that these are difficult times in terms of globalisation for dealing with this pandemic
An economic relief package from the govt is overdue
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The country will still be the fastest growing large economy this financial year, but it will lose that tag next year to China, says the agency.
Warns social distancing to be a challenge among migrant workers, slum dwellers
Many workers in the gig economy, dominated by service sector start-ups, are poorly protected against income losses in a recession