Search For "economic contraction"
Afghanistan's economy faces critical challenges as it adjusts to new reali
Updated : 3 years, 7 months ago IST
Washington [US], October 18 (ANI): The Afghan economy is adjusting to a "new normal" following the events of August 2021, which brought about a significant economic contraction and widespread deprivation, according to the World Bank's new Afghanistan Development Update.
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Pandemic debt impact varies widely across A-Pac sovereigns: Fitch
Updated : 4 years, 10 months ago IST
Hong Kong, July 26 (ANI): Pandemic-induced fiscal responses and economic contractions have led to a sharp rise in public debt among rated sovereigns in the Asia Pacific (APAC) region but there is significant variation between individual sovereigns' performance, according to Fitch Ratings.
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COVID-19 pandemic to push 150 million people into extreme poverty by 2021:
Updated : 5 years, 7 months ago IST
Washington [US], October 7 (ANI/Sputnik): More than 150 million people may fall into extreme poverty throughout the world by 2021 as a result of the economic contraction caused by the novel coronavirus pandemic, the World Bank said in a report on Wednesday.
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Covid-19 disruptions exacerbate credit quality deterioration for India Inc
Updated : 5 years, 8 months ago IST
Singapore, Sep 11 (ANI): The aggregate earnings before interest, taxes, depreciation and amortisation (EBITDA) for 22 rated Indian non-financial companies will fall by 24 per cent in the current financial year, global rating agency Moody's said on Friday.
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GDP shrinks by 23.9 pc in Q1, worst economic contraction in four decades
Updated : 5 years, 9 months ago IST
New Delhi [India], Aug 31 (ANI): The Indian economy contracted by 23.9 per cent in the April to June quarter (Q1 FY21), marking the first contraction in more than 40 years as COVID-19 pandemic compressed consumer demand and private investments, government data showed on Monday.
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RBI has confirmed what I've been warning for months: Rahul Gandhi
Updated : 5 years, 9 months ago IST
New Delhi [India], Aug 26 (ANI): Congress leader Rahul Gandhi on Wednesday hit out at the Centre over the Reserve Bank of India's latest warning on economic contraction amid the novel coronavirus pandemic and said that "distractions through media will not help the poor".
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COVID-19 largest crisis to hit humanity since Second World War: Foreign Se
Updated : 5 years, 11 months ago IST
New Delhi [India], July 7 (ANI): Stating that coronavirus pandemic is the worst crisis to hit humanity since Second World War, Foreign Secretary Harsha Vardhan Shringla, on Monday said the world has not seen economic contraction of this magnitude in decades.
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GDP to contract by 5.3 pc in FY21 due to Covid-19 woes: Ind-Ra
Updated : 5 years, 11 months ago IST
Mumbai (Maharashtra) [India], June 24 (ANI): India's gross domestic product (GDP) will contract by 5.3 per cent year-on-year in the current financial year (FY21), marking the lowest growth rate in the country's history and sixth instance of economic contraction, India Ratings and Research (I
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