Search For "great depression"
China faces 'Lehman Moment' fears as big investment firm misses payments
Updated : 2 years, 6 months ago IST
The term 'Lehman moment' refers to the catastrophic event in September 2008 in which Lehman Brothers, then the eighth-largest investment bank in the United States filed for bankruptcy, triggering a domino effect that sent shockwaves throughout the global financial system, resulting in the wo
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Preparing India for the future workplace
Updated : 3 years, 8 months ago IST
New Delhi [India], July 8 (ANI/PNN): After a two-year hiatus due to the Covid-19 pandemic, the global job ecosystem faces multiple threats, among them the fear of an oncoming recession that the International Monetary Fund (IMF) predicted to be of the same magnitude as The Great Depression.
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Marg Erp launches online accounting software 'Marg Books'- A software for
Updated : 4 years, 10 months ago IST
New Delhi [India], April 22 (ANI/PRNewswire): 'Innovation' is the fuel that keeps the modern world running. There is no sector in the economy which can flourish if it doesn't keep itself abreast on the latest developments. If it fails to do so it is only a matter of time till it is driven to
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Putin compares nature of COVID-induced global economic crisis to Great Dep
Updated : 5 years, 3 months ago IST
Riyadh [Saudi Arabia], November 21 (ANI): Russian President Vladimir Putin on Saturday at the G20 summit called the economic crisis caused by the ongoing COVID-19 pandemic 'a major world crisis' since the Great Depression.
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US economy facing deepest crisis since Great Depression
Updated : 5 years, 7 months ago IST
Washington [US], August 8 (ANI): As the coronavirus cases continue to surge in the US, the economy is facing its deepest crisis since the Great Depression.
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Covid-19 pandemic tanks Russian economy, plunges families into crisis
Updated : 5 years, 8 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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US unemployment rate surges to 14.7 pc, the worst since Great Depression
Updated : 5 years, 10 months ago IST
Washington DC [USA], May 9 (ANI): Due to the coronavirus-induced crisis, the unemployment rate in the United States jumped from 10.3 per cent to 14.7 per cent in the month of April, representing the largest over-the-month increase since 1948.
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US economy to plunge by 30 pc due to Covid-19 crisis
Updated : 5 years, 10 months ago IST
Washington [USA], April 30 (ANI): The US economy is going to crash by an unprecedented 30 per cent in the second quarter (April to June) as Americans have been forced to shutter down their business and stay home to stem the spread of coronavirus, the Washington Post reported citing high-l
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UN warns COVID-19 could trigger worst downturn since Great Depression
Updated : 5 years, 11 months ago IST
Washington D.C. [USA], April 18 (ANI): The COVID-19 pandemic could trigger the worst downturn in the global economy since the Great Depression, UN Secretary-General Antonio Guterres said on Friday (local time).
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