Page 16 - Economic Slowdown

Statsguru: Why second wave of Covid-19 is a worry for equity markets

Investors have got a reality check with many countries once again seeing a rise in Covid-19 cases

Job losses in dealerships could be worse than 2019's auto slowdown: FADA

Between May and July last year, the automobiles dealerships across the country shed around 200,000 jobs to tide over the impact of an unprecedented sales slump

UK economy shrinks by record 20.4%; BoE warns of worst recession in 300 yrs

In a slump that dwarfed previous downturns in Britain's recent history, the Office for National Statistics also said the economy shrank by 24.5% compared with April last year

India to drive global gas demand post-slowdown, output to rise too: IEA

Consumption to increase by 28 bcm between 2019-25

GDP: The devil is in the revisions

Six iterations of annual data over a three-year period raise serious questions about the reliability of national income data as a basis for sound policymaking

Job market bleakest in 15 yrs, only 5% of India Inc plans to hire in Q2

According to the ManpowerGroup Employment Outlook Survey that covered 695 employers across India, the net employment outlook stood at 5 per cent for the July-September quarter

CPHS unemployment estimates are conservative

Headline numbers suggest an improvement in labour markets during 2018-19 compared to the situation in 2017-18

Monetising fiscal deficit via secondary OMOs right way: Uday Kotak

If we keep subsidising or protecting businesses that are not able to compete, we have an issue. I would expect the market to be able to sort things out, says Uday Kotak

Looking beyond crises

Lack of strategic vision in the NDA has caused it to fail at economic management

Unlock = open, not choked!

Don't let a virus stall initiatives and weaken the economy

MFIs see 50% recovery in June as rural borrowers avoid using moratorium

According to MFIs, the recoveries from rural areas in May were higher by 10-20 per cent compared to that in urban areas

Covid-19 crisis: PM Modi says growth will return, more reforms in the works

He said the pandemic might have applied the brakes on the speed of the economic growth, but the country had left behind the phase of lockdown and entered the first phase of unlocking.

Covid-19 can push 60 million into poverty, adopt comprehensive policies: WB

The scope and speed with which the Covid-19 pandemic and economic shutdowns have devastated the poor around the world are unprecedented in modern times, World Bank Group President David Malpass said

This will be worst recession ever, farming may save the day: Devesh Kapur

The Director of Asia Programs at John Hopkins University sees Pharma as an area of strength too, and says India must aggressively develop APIs domestically, instead of sourcing from China

Covid-19: India GDP may contract by 2 per cent in FY21, says BoA Securities

The estimate has been arrived at with the assumption that the lockdown will extend till mid-July and a restart of the economy will get stretched to August

Statsguru: Economy was in grips of a slowdown even before Covid-19 hit

Manufacturing is weakening, as is the job-generating construction sector

Slowdown, then pandemic

GDP data shows virus hit an already weakened economy

After Fitch and CRISIL, S&P projects Indian economy to contract 5% in FY21

New cases have been averaging more than 6,000 a day over the past week as authorities begin easing stringent lockdown restrictions gradually to prevent economic costs from blowing out further

Govt to raise Rs 80,000 cr via cash mgt bills to meet liquidity mismatch

Issuance of CMB may mean liquidity available with govt won't be enough, especially after stimulus packages, and in the face of a falling revenue collection due to the nationwide slowdown

IDFC First Bank seniors to forgo 65% of bonus amid Covid-19 crisis

V Vaidyanathan, managing director and chief executive, will take 30 per cent cut in his compensation, including fixed compensation as well as all allowances.