Search For "downturn"
Singapore enters technical recession as GDP plunges 12.6 pc in Q2
Updated : 5 years, 10 months ago IST
Singapore, July 14 (ANI): Singapore's economy shrank by 12.6 per cent year-on-year in the second quarter as circuit breaker measures to stem the coronavirus pandemic took their toll, the Straits Times reported on Tuesday quoting advance estimates from the Ministry of Trade and Industry (MTI)
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COVID-19: Odisha govt issues expenditure rationalisation measures
Updated : 5 years, 10 months ago IST
Bhubaneswar (Odisha) [India], July 8 (ANI): Odisha Government on Tuesday issued the expenditure rationalisation measures for all the departments in the wake of the economic downturn due to COVID-19.
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Covid-19 pandemic tanks Russian economy, plunges families into crisis
Updated : 5 years, 11 months ago IST
Moscow [Russia], July 4 (ANI): As countries across the globe has been facing the worst collective economic downturn since the Great Depression, Russia seems to be particularly hard hit by the twin blows of the coronavirus pandemic as well as the collapse in oil prices.
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India's service sector remains mired in deep downturn: IHS Markit
Updated : 5 years, 11 months ago IST
New Delhi [India], July 3 (ANI): The Indian service sector remained under intense strain during June, according to the latest PMI survey released on Friday, as activity fell at another substantial month-on-month rate amid the ongoing economic disruption caused by the coronavirus disease 2019
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Disconnect between financial markets, real economy can pose threat to reco
Updated : 5 years, 11 months ago IST
Washington DC [USA], June 26 (ANI): The ongoing disconnect between financial markets and the real economy is a vulnerability which could pose a threat to the recovery should investor risk appetite fade, the International Monetary Fund (IMF) has said.
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Indian exports are on fast recovery after COVID-19 led downturn: Goyal
Updated : 5 years, 11 months ago IST
New Delhi [India], June 22 (ANI): Union Minister of Commerce and Industry Piyush Goyal said on Monday that exports from India are on fast recovery after witnessing a sharp downturn due to the COVID-19 crisis.
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COVID-19 may push millions of children into child labour: ILO, UNICEF
Updated : 5 years, 11 months ago IST
New York/Geneva, June 12 (ANI): Millions of more children risk being pushed into child labour as a result of the COVID-19 crisis which could lead to the first rise in child labour after 20 years of progress, according to a new brief from the International Labour Organisation (ILO) and UNICEF
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Lufthansa to cut 22,000 jobs as travel demand dips on Covid-19 woes
Updated : 5 years, 11 months ago IST
London [UK], June 11 (ANI): German carrier Lufthansa said on Thursday it will slash 22,000 jobs as it struggles to deal with the downturn in air travel caused by coronavirus pandemic.
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4 in 5 Indian consumers will reduce shopping expenditure post lockdown: RA
Updated : 5 years, 11 months ago IST
New Delhi [India], June 9 (ANI): As retailers climb back on their feet under Unlock 1.0, the industry might have to brace itself for a sustained downturn as a majority 67 per cent consumers showed little to no excitement in shopping post the lockdown.
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States' deficit, market borrowings to increase to 4.5 pc of GDP: Ind-Ra
Updated : 6 years ago IST
Mumbai (Maharashtra) [India], May 26 (ANI): India Ratings and Research (Ind-Ra) expects the aggregate fiscal deficit of states to now rise to 4.5 per cent of gross domestic product (GDP) in FY21 as against the agency's earlier forecast of 3 per cent.
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China's declining credibility in world market, a golden opportunity for In
Updated : 6 years ago IST
Noida (Uttar Pradesh) [India], May 14 (ANI): As the textile industry is witnessing a steep downturn globally due to adverse economic impact of COVID-19, the Indian textile industry while fearing to lose out on the orders from the buyers is also seeing an opportunity to get a boost as the bus
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COVID-19 triggers 3 pc decline in Q1 global trade: UNCTAD
Updated : 6 years ago IST
Geneva [Switzerland], May 14 (ANI): The coronavirus pandemic cut global trade values by 3 per cent in the first quarter of this year, according to the latest UNCTAD data published in a joint report by 36 international organisations.
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