Page 8 - Global Economic Crisis

Coronavirus impact: India and China may escape global recession, says UN

With two-thirds of the world's population living in developing countries facing unprecedented economic damage from the Covid-19 crisis, the UN is calling for a $2.5 trillion a rescue package

Exceptional crisis, exceptional responses

Exceptional circumstances are sometimes the catalyst for exceptional leaders to emerge; they can also be extremely harsh for those who fail the leadership test.

Stresses, known and unknown

Global financial market stress driving market volatility; economic impact of coronavirus and drop in oil prices remain uncertain

Policy after COVID-19

Globally, economic policy could soon be in uncharted territory

That 1970s feeling

Next global recession could be around the corner and it may look a lot different from those that began in 2001 and 2008

There's no emerging market debt threat

It's good to be warned and to be prudent in managing debt. But are EMDEs really going on a debt binge that could hurt the global economy?

GDP is an imperfect measure of economic performance, says Jairam Ramesh

It is a reflection of the changed circumstances in India over the last 25 years that we are not accepting a growth rate of 5 per cent

Minimum wage macroeconomics

When relative prices do not serve the national good, then there is a case for government intervention, especially when distorted relative prices are a driver of macroeconomic slowdown

Banks must act now or risk becoming a 'footnote', cautions McKinsey

Banks allocate just 35% of their information-technology budgets to innovation, while fintechs spend more than 70%, McKinsey said

The global outlook could be worse than 'low for long'

The surest way out would be for governments to work together, while moving to bolster growth at home

The clouds over 2020

The last few months have brought us an avalanche of downgraded forecasts from all international and private sector financial institutions and think tanks

Effects of global slowdown more pronounced in India: IMF Chief Georgieva

She said the World Economic Outlook to be released next week will show downward revisions for 2019 and 2020

Global economic turmoil

There are limits to what central banks can achieve

No slowdown in online consumer spending in India, say Amazon and Flipkart

According to a report by consultancy firm Kantar, the number of online buyers has dropped across several key categories in the first half of 2019

Can banks survive negative rates, instability in global financial system?

The spread of unconventional monetary policies threatens to set off dangerous and unpredictable feedback loops

Rising global uncertainty

India needs active policy intervention

The next phase of finance: Need to reassert control over financial sector

Stakeholders must take a longer-term view of business operations and investment strategies