Search For "recession"
President Biden says US not going to be in recession
Updated : 3 years, 7 months ago IST
Washington [(US], July 26 (ANI): US President Joe Biden said the country's economy is not heading into a recession. "In my view, the employment rate is still one of the lowest we have had in the history... and we still find ourselves find with people investing," Biden told reporters on Mo
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Biden expects to speak with Xi Jinping this week
Updated : 3 years, 7 months ago IST
Washington [US], July 26 (ANI): US President Joe Biden on Monday told reporters that he anticipates having a conversation with Chinese President Xi Jinping this week.
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Recession risk looms on some Asian economies, Sri Lanka's downturn likely
Updated : 3 years, 7 months ago IST
New York [US], July 25 (ANI): Some Asian economies face the risk of recession as rising prices have prompted central banks to increase interest rates, according to a Bloomberg survey released this month.
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Indian economy remains resilient despite global headwinds: RBI
Updated : 3 years, 8 months ago IST
New Delhi [India], July 18 (ANI): The Indian economy remains resilient despite formidable global headwinds and amidst fears of a recession, the Reserve Bank of India said in its latest monthly bulletin.
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India's current account deficit expected to deteriorate in FY23: Finance M
Updated : 3 years, 8 months ago IST
New Delhi [India], July 15 (ANI): India's current account deficit, meaning a shortfall between the imports and exports, is expected to deteriorate in 2022-23 if recession concerns do not lead to a sustained and meaningful reduction in the prices of food and energy commodities, the Ministry o
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China likely to report grim economic performance in second quarter
Updated : 3 years, 8 months ago IST
Beijing [China], July 14 (ANI): China's coronavirus lockdowns in major cities has affected trade and daily life causing the country to report a grim performance in the second quarter and increasing concerns of a global recession.
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Faced with 'darkening' outlook, IMF set to downgrade global growth
Updated : 3 years, 8 months ago IST
New Delhi [India], July 14 (ANI): Faced with a "darkening" economic outlook, the International Monetary Fund (IMF) is set to further downgrade global growth for both 2022 and 2023 in its World Economic Outlook Update to be released later this month.
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India's inflation could dip to 5 pc by March: SBI Research Report
Updated : 3 years, 8 months ago IST
New Delhi [India], July 14 (ANI): There is only 20-30 per cent likelihood of a global recession and chances of prolonged stagflation in the economy seem more, according to State Bank of India research report Ecowrap's latest edition, which has projected that India's inflation rate is expecte
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Crude oil prices at 3-month low amid recession fears
Updated : 3 years, 8 months ago IST
New Delhi [India], July 13 (ANI): Global crude oil prices have fallen further to touch the three-month low due to a weak demand outlook over growing concerns of a recession.
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Pakistan: Business experts warn of social unrest amid deepening economic c
Updated : 3 years, 8 months ago IST
Hyderabad [Pakistan], July 9 (ANI): Amid the deepening economic crisis in Pakistan, the business leaders of the country have warned that the country is heading toward social unrest and fear that it is becoming unsafe for foreign investment due to back-to-back government policies that seek to
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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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Indian stock indices rise for third straight day
Updated : 3 years, 8 months ago IST
New Delhi [India], July 8 (ANI): Indian stock indices extended their gains for the third consecutive session on Friday, supported by the latest slump in global crude oil prices on concerns of a potential recession in various economies.
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