Page 67 - Global Economy

Freefalling economies and a million cases lay bare coronavirus damage

In the space of just 24 hours, 6,095 infected people died - nearly twice the total number of deaths in China, where the virus and Covid-19, the disease it causes, originated.

Covid-19: Ending the tyranny of scale?

Scale became critical because of steadily increasing capital intensity that the new technologies engendered

Global economy could shrink by 1% in 2020 due to coronavirus pandemic: UN

Taking into account rapidly changing economic conditions, the UN DESA's World Economic Forecasting Model has estimated best and worst-case scenarios for global growth in 2020.

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

G20 ministers agree to keep markets open amid coronavirus outbreak

G20 leaders pledged last week to inject over $5 trillion into the global economy to limit job and income losses caused by border closures and sweeping shutdowns

Coronavirus impact: Recession in Germany unavoidable, say economic advisors

Germany will not ease measures to prevent the spread of coronavirus before at least April 20, Chancellor Angela Merkel's chief of staff said

Beating COVID-19 and the economic pandemic

The COVID-19 pandemic threatens the world with disaster. But the crisis also offers govts a rare chance to undertake policy changes that can boost the global economy's long-term growth potential.

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.

Covid-19 to 'permanently' hit global economic activity this year: Moody's

Financial market volatility is at levels that last occurred during the global financial crisis, said Moody's

US Fed announces more measures to ease dollar crunch, liquidity strains

The Fed also announced its latest effort to reassure dealers and other financial institutions that it will provide as much liquidity as needed to keep markets functioning smoothly.

India Inc rules out cut in jobs and salaries amid coronavirus outbreak

The salary and job cuts are likely in the high-risk services sector, including airlines, hotels, malls, multiplexes, restaurants, and retailers

Coronavirus pandemic has already put global economy into recession: Poll

More than three-quarters of economists based in the America, and Europe polled this week

S&P lowers India's growth forecast to 5.2% for 2020 amid Covid-19 pandemic

S&P Global Ratings on Wednesday lowered India's economic growth forecast to 5.2 per cent for 2020, saying the global economy is entering a recession amid the coronavirus pandemic. The agency had earlier projected a growth rate of 5.7 per cent during the 2020 calendar. Asia-Pacific economic growth in 2020 will be more than halve to less than 3 per cent as the "global economy enters a recession", S&P said in a statement. An enormous first-quarter shock in China, shutdowns across the US and Europe, and local virus transmission guarantees a deep recession across Asia-Pacific, said Shaun Roache, chief Asia-Pacific economist at S&P Global Ratings. "We lower our forecasts for China, India, and Japan for 2020 to 2.9 per cent, 5.2 per cent and -1.2 per cent (from 4.8 per cent, 5.7 per cent, and -0.4 per cent previously)," S&P said. On Tuesday, Moody's Investors Service had lowered India's economic growth forecast for 2020 to 5.3 per cent (from 5.4 per cent), in the wake of the .

Are we heading towards a global recession? Here's what top brokerages say

Analysts fear that the impact this time would be deeper than that of the 8-month long economic downturn in 2001 and the one in early 1990s

Recession risk calls for joint response, says UN chief Antonio Guterres

The pandemic had created a "real and growing risk of a global recession," the former Portuguese premier said

Statsguru: Oil price fall, coronavirus fear trigger global growth concerns

Fears that the spread of COVID-19 would push the global economy into recession have led to extreme risk aversion among investors

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

Don't increase your equity allocations

Better bargains may be available in the next few months

Coronavirus pandemic: How Covid-19 led to global market rout, hit economy

Many seminars, movie releases - James Bond movie - No Time To Die, Sooryavanshi, Mulan, Fast 9 - have been postponed. Rock concerts have aken a hit.