Search For "recession"
Sensex crashes 1093 points amid weakness in global equities
Updated : 3 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 16 (ANI): The Indian stock market's key indices, Sensex and Nifty, slumped by around 2 per cent on Friday tracking weakness in the global equities amid fear of recession in the world economy.
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Risk of global recession rises amid simultaneous interest rate hikes: Worl
Updated : 3 years, 6 months ago IST
Washington [US], September 16 (ANI): As central banks across the world simultaneously hike interest rates in response to inflation, the world may be edging toward a global recession in 2023 and a string of financial crises in emerging markets and developing economies that would do them lasti
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India stocks bearish for 3rd day over monetary policy tightening worries
Updated : 3 years, 6 months ago IST
New Delhi [India], September 16 (ANI): Indian stocks started Friday's trade in the red, extending losses for the third straight session, on concerns of aggressive global monetary policy tightening by various central banks to avert recessionary fears.
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Fitch slashes global growth forecast, sees "mild" recession in US in mid-2
Updated : 3 years, 6 months ago IST
New Delhi [India], September 15 (ANI): The European gas crisis, high inflation and the pace of global monetary policy tightening are taking a heavy toll on economic prospects, rating agency Fitch Ratings' September 2022 Global Economic Outlook (GEO) said. European wholesale gas and electrici
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Cracks emerge in Beijing's financial system after homebuyers resent agains
Updated : 3 years, 6 months ago IST
Beijing [China], August 24 (ANI): Owing to the deep recession in China's property market, the inability of ailing property developers to convince homebuyers has left new cracks emerging in China's financial system, setting off fresh worries in Beijing and beyond.
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Hunan official calls on cadres to buy houses amid real estate recession in
Updated : 3 years, 6 months ago IST
Beijing [China], August 19 (ANI): Amid recession in real estate sector of China, one of the Hunan officials exhorted the party members and workers to be the leaders in buying property and to buy more and more.
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Bangladesh textile faces major challenges amid global recession
Updated : 3 years, 7 months ago IST
Dhaka [Bangladesh], August 10 (ANI): Bangladesh's textile industry is currently facing major challenges due to the global recession and inflation as retailers in both European and US markets are either deferring the shipments of finished products or delaying orders due to soaring inflatio
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US Fed Governor Bowman says another "similarly-sized" rate hike needed to
Updated : 3 years, 7 months ago IST
Colorado [US], August 8 (ANI): The US Federal Reserve Governor Michelle W. Bowman said another "similarly-sized" - 75 basis points -- increase in key interest rates should be on the table until the economy sees inflation declining in a "consistent, meaningful, and lasting way".
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No question of India getting into stagflation or recession: Sitharaman
Updated : 3 years, 7 months ago IST
New Delhi [India], August 1 (ANI): Highlighting India's robust economic health despite the COVID pandemic and geo-political situation, Union Finance Minister Nirmala Sitharaman on Monday said there is no question of India getting into stagflation or recession like other major economies of
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US economy shrinks for second straight quarter, furthers recession fears
Updated : 3 years, 7 months ago IST
Washington [US], July 28 (ANI): Real gross domestic product (GDP) in the US decreased at an annual rate of 0.9 per cent in the second quarter of 2022 (April-June), marking the second consecutive quarter of degrowth which qualifies for a technical recession.
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US GDP falls for second-straight quarter, signs of a possible recession
Updated : 3 years, 7 months ago IST
Washington [US], July 28 (ANI): US Gross Domestic Product contracted by 0.9 per cent in the second quarter of this year after a first-quarter drop of 1.6 per cent, the US Commerce Department said Thursday in a preliminary estimate that technically placed the economy in a possible recession.
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Global GDP growth to slow in 2022, 2023, recession risks high: S&P Glo
Updated : 3 years, 7 months ago IST
New Delhi [India], July 26 (ANI): After a 3.3 per cent contraction in 2020 and a 5.8 per cent rebound in 2021, global GDP growth is projected to slow to 2.7 per cent in 2022 and 2.6 per cent in 2023, said global financial services provider S&P Global Market Intelligence.
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