Search For "recession"
Singapore enters technical recession as GDP plunges 12.6 pc in Q2
Updated : 5 years, 8 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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Mindseed launches preschool and daycare acquisition fund to help entrepren
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India] July 7 (ANI/BusinessWire India): COVID 19 has created an extremely challenging environment for most businesses, because of the depth of the recession and the uncertainty of when it will recover.
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Russian economy faces deep recession amid global pandemic and oil crisis:
Updated : 5 years, 8 months ago IST
Moscow [Russia], July 6 (ANI): Fueled by a Covid-19 triggered deep global recession, Russia's 2020 GDP growth is projected to contract by 6 per cent, an eleven-year low, with a moderate recovery in 2021-2022, according to the World Bank's latest Russia Economic Report released on Monday.
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India's service sector remains mired in deep downturn: IHS Markit
Updated : 5 years, 8 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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4 million US workers suffer pay cut due to coronavirus pandemic
Updated : 5 years, 8 months ago IST
Washington [US], July 02 (ANI): At least 4 million private-sector workers in the United States have had their pay cut during the coronavirus pandemic, Washington Post reported.
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ASEAN-5 responses mitigate COVID-19 economic damage, unlikely to offset ri
Updated : 5 years, 8 months ago IST
Singapore, June 29 (ANI): The ASEAN-5 economies -- Malaysia, the Philippines, Indonesia, Vietnam and Thailand -- have taken steps to mitigate the economic damage of the coronavirus outbreak but these will not offset the rising recessionary or credit risks for most sectors, Moody's Investors
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Equity indices subdued as IMF predicts Indian economy to contract by 4.5 p
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 25 (ANI): Equity benchmark indices edged lower during early hours on Thursday due to weak global cues after the International Monetary Fund forecast the global output to shrink by 4.9 per cent this year.
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Jitu Patwari expresses regret over tweet, Chouhan accuses Congress of insu
Updated : 5 years, 8 months ago IST
Bhopal (Madhya Pradesh) [India], June 24 (ANI): Hours after he made an objectionable tweet against the BJP-led government while targeting it over demonetisation, GST, "inflation, unemployment, and recession", Madhya Pradesh Congress leader Jitu Patwari on Wednesday expressed regret over his
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Phillips Carbon Q4 PAT drops to Rs 72 crore, to expand Palej plant by 32,0
Updated : 5 years, 8 months ago IST
Kolkata (West Bengal) [India], June 23 (ANI): Phillips Carbon Black Ltd, a part of RP-Sanjiv Goenka Group, on Tuesday posted a net profit of Rs 72 crore during the quarter ended March (Q4 FY20) compared to a profit of Rs 74 crore in the corresponding period of previous year.
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Revenue Growth Strategy and Solutions at EvolveBPM - launched by Silicon V
Updated : 5 years, 9 months ago IST
Bengaluru (Karnataka) [India], June 17 (ANI/BusinessWire India): The pandemic and the subsequent economic recession have not deterred first-time entrepreneurs from launching their new companies.
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Japan's economy in recession, Q1 GDP shrinks annualised 3.4 pc
Updated : 5 years, 10 months ago IST
Tokyo [Japan], May 18 (ANI): Japan's economy contracted an annualised 3.4 per cent during the January to March quarter as coronavirus pandemic continues to have a significant impact, according to government data released on Monday.
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ABB India Q1 profit drops to Rs 66 crore on COVID-19 impact
Updated : 5 years, 10 months ago IST
Bengaluru (Karnataka) [India], May 14 (ANI): ABB India has posted a profit after tax of Rs 66 crore during the first quarter (January to March) due to lower volumes including service revenue and unfavourable mix.
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