Page 6 - Economic Slowdown

What is a recession?

It looks like the equity markets have priced in the prospect of the US slipping into recession. But ever wondered what exactly recession is? Our next report tells

China banks rush to raise debt as slowdown hikes potential bad loans

A record amount of fresh money has come from financial markets in China, with banks selling 29% more bonds in the first half of the year compared to last year

Consumer IT spending to slide further amid recession fears in Asia-Pacific

Consumer IT spending in the Asia-Pacific region, already taking the brunt in the ongoing tight market conditions, is set to further slide in 2023, depending on the severity of the economic slowdown

Oil steady as economic slowdown worries offsets tight supplies, weak dollar

Brent futures for September delivery fell 14 cents, or 0.1%, to $106.13 a barrel by 10:48 a.m. EDT, while U.S. West Texas Intermediate (WTI) crude for August fell 27 cents, or 0.3%, to $102.33

Apple hovers above competition even as smartphone market stumbles: Report

Apple's slightly higher expectations for forthcoming iPhone 14 underscore a growing belief among Wall Street analysts that the sales are likely to hold up better than the broader smartphone industry

Copper prices slide to 20-month low on economic slowdown fears

Rising US interest rates have pushed the dollar to its strongest in two decades, making dollar-priced metals costlier for non-US buyers and potentially dampening demand

Oil slides on strong dollar, weaker demand outlook and slowdown fears

Brent crude futures were down by $4.78, or 4.5%, at $102.32 a barrel by 1112 GMT, having earlier sunk as low as $101.48.

AIIB's Erik Berglof on ongoing economic turmoil and more

In an interview with Business Standard's Asit Ranjan Mishra, AIIB chief economist Erik Berglof talks about the economic turmoil and how the bank played a key role in bringing India and China closer.

CRISIL cuts FY23 GDP growth estimate to 7.3% from 7.8% on high inflation

Domestic rating agency CRISIL lowered its real GDP growth forecast for India to 7.3 per cent in FY23 from 7.8 per cent estimated earlier.

China budget deficit hits record high amid tax rebates, Covid pain

The drop in revenue just as more spending is needed will force local authorities to either boost their already heavy debt burden or accept weaker economic growth

For India, economic entropy presents both an opportunity and big challenge

Entropy, or the disorder in a system, is a concept not usually used to understand economic trends, but it best describes the disorder and randomness at work today, writes T N Ninan

Looming economic slowdown to stall telecom services sector growth: Report

Multiple factors like inflation, raising of benchmark interest rates, China lockdowns and the Russia-Ukraine war are set to hamper the growth of telecom and Pay TV services globally

Sri Lanka crisis: Trade Unions demand President Rajapaksa's resignation

Hundreds of trade unions in Sri Lanka have been staging a nationwide protest over the mishandling of the economic crisis and have called for the immediate resignation of President Rajapaksa

UN urges adoption of emergency development measures in Lebanon amid crisis

"The country needs emergency development that would put an end to prolonged economic stagnation, and constitute a trigger for the growth of country and its prosperity," UN resident for Lebanon said

Insolvent Sri Lanka should swap its central bank with currency board

Currency boards are typically associated with lower inflation, higher economic growth and smaller fiscal deficits when compared with hard pegs that are supported by promises, rather than protocols

Investors dump emerging market funds on slowdown worries

According to Refinitiv Lipper, a cumulative $8.1 billion has flowed out of EM equity funds and $5.73 billion from bond funds in the past four weeks

Shock-proofing the economy: Quality jobs the best possible safety net

Since jobs will remain scarce for the foreseeable future, an unemployment allowance should be the next big social-security initiative, writes T N Ninan

Covid-hit FY21: Demand shrinks all across, save food and household services

Biggest blow felt by restaurants and hotels, followed by clothing, footwear, transport and alcoholic beverages; surprisingly demand for health services also contracted

Optimistic scenario: Can growth take care of all the economy's problems?

If the government thinks growth is the solution, can it be delivered in a slowing world with rising rates - within the domestic context of slower growth even before the pandemic, asks T N Ninan

BS Number Wise: Working in tandem on monetary policy

Central banks of the world are implementing coordinated rate reduction but such convergence is neither new nor permanent