Page 21 - Latest Updates on Recession
India can tide over worst recession, but govt must be careful: Experts
Montek Singh, D Subbarao were participating in a webinar hosted by Bhavan's SP Jain Institute of Management Research
 "India can tide over worst recession, but govt must be careful: Experts")
Indian economy may expand by around 5% in FY22: Ex-RBI governor Subbarao
According to Subbarao, the country is going to face its worst recession in the current financial year
 "Indian economy may expand by around 5% in FY22: Ex-RBI governor Subbarao")
India may register recession in Q3 of this fiscal over Covid-19: Report
The country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package, it adds
 "India may register recession in Q3 of this fiscal over Covid-19: Report")
The economic crisis and India's role in post-coronavirus multilateralism
The world gross domestic product is expected to contract by 3%, international trade may decline by up to 32%, and 49 million people could slip into extreme poverty
 "The economic crisis and India's role in post-coronavirus multilateralism")
Covid-19 crisis: World Bank to rescue with $160-billion aid to 100 nations
'Covid, shutdown may push as many as 60 mn people into extreme poverty'
 "Covid-19 crisis: World Bank to rescue with $160-billion aid to 100 nations")
Coronavirus outbreak to leave a legacy of unprecedented global debt
Central banks and govts worldwide have unleashed at least $15 trillion of stimulus via bond-buying and budget spending to cushion the blow of a global recession tipped to be the worst since the 1930s.
 "Coronavirus outbreak to leave a legacy of unprecedented global debt")
Covid-19 to push UK economy towards deepest recession: Bank of England
It would also be the sharpest annual contraction since 1706, according to reconstructed Bank of England data going back to the 18th Century
 "Covid-19 to push UK economy towards deepest recession: Bank of England")
The current market rally may soon run out of steam: Unmesh Kulkarni
As of now, we expect the global recession will be deep but short, and the fiscal and central bank actions should mostly prevent a financial and economic meltdown
 "The current market rally may soon run out of steam: Unmesh Kulkarni")
Three factors that will shape the course of economic activities going ahead
According to Dun & Bradstreet's latest Economy Forecast, the changes in consumer behaviour will determine the segments that are likely to flourish after the pandemic is brought under control
 "Three factors that will shape the course of economic activities going ahead")
Coronavirus impact: Reinventing traditional business from the living room
Entrepreneurs from traditional business communities in the country are using their time in lockdown to embrace change ahead of an imminent recession
 "Coronavirus impact: Reinventing traditional business from the living room")
Global CEOs see U-shaped recession, fear death of some brands: Study
11 per cent of chief executives see coronavirus as a risk to the survival of their firm, while a further 40 per cent say the pandemic poses a severe threat.
 "Global CEOs see U-shaped recession, fear death of some brands: Study")
Statsguru: The trail of Covid-19 destruction and a resulting recession
According to the International Monetary Fund, the pandemic is expected to cause the biggest recession since the Great Depression
 "Statsguru: The trail of Covid-19 destruction and a resulting recession")
India could use 3-5% of GDP stabilising economy: World Bank economists
The lockdown of economies around the world causes a much sharper decline in economic activity than in normal recessions, says World Bank chief economist south Asia region, Hans Timmer
 "India could use 3-5% of GDP stabilising economy: World Bank economists")
Covid-19: Global economic contraction in H1 of 2020 inevitable, says IMF
The IMF managing director said the immediate priority was to minimise the pandemic's human toll and economic disruption
 "Covid-19: Global economic contraction in H1 of 2020 inevitable, says IMF")
Can use full $1-trillion war chest for coronavirus outbreak, says IMF
In view of coronavirus crisis, the spring meeting is being held virtually-- the first one in the history of IMF and the World Bank.
 "Can use full $1-trillion war chest for coronavirus outbreak, says IMF")
Five million more Americans seek unemployment benefits amid Covid-19 crisis
The Labor Department said 5.2 million new unemployment claims were filed last week, down from a slightly revised 6.6 million the week before
 "Five million more Americans seek unemployment benefits amid Covid-19 crisis")
Germany plunges into recession; virus-induced slump may last until mid-year
To cushion some of the blow, Berlin has passed a rescue package totalling 1.1 trillion euros
 "Germany plunges into recession; virus-induced slump may last until mid-year")
Coronavirus outbreak: A 21-day lockdown may have cost India Rs 8 trillion
The sectors that have been most impacted are transport, hospitality, and real estate
 "Coronavirus outbreak: A 21-day lockdown may have cost India Rs 8 trillion")
The wrong diagnosis
Calls for fiscal stimulus and monetary overreach will not help deal with the pandemic's economic consequences
 "The wrong diagnosis")
Covid-19: Poor countries staring at a debt crisis, says UN report
Many workers in the gig economy, dominated by service sector start-ups, are poorly protected against income losses in a recession
 "Covid-19: Poor countries staring at a debt crisis, says UN report")
