Showing results for "#recession"
Bank of England warns of deepest recession on record
The Bank of England has warned that the coronavirus pandemic will push the UK economy towards its deepest recession on record, the media reported on...
EU predicts 'deeper recession' in 2020 than expected
8 July 2020 1:27 AMHowever, the hit to the economy was so strong that the partial rebound in the second half of the year will not be able to lift the annual growth rate...
Australia in recession for 1st time in nearly 30 years
2 Sept 2020 3:32 AMThe 7 per cent quarterly GDP slump was also more than three times worse than the previous biggest fall of 2 per cent in June 1974.
Indonesia in recession after 22 years
5 Nov 2020 11:08 AMAccording to the authorities, the country's growth fell 3.49 per cent in the third quarter of this year, compared to the same period in 2019.
Under PM Modi, India's economy in recession first-time ever: Rahul...
27 Nov 2020 2:52 PMCongress leader Rahul Gandhi on Friday said that under Prime Minister Narendra Modi, the country's economy is in recession for the first time ever. He...
Recovery is underway after worst global recession since World War II:...
8 April 2021 2:51 AMA day after the International Monetary Fund forecast a global growth of six per cent for this year, IMF Managing Director Christine Georgieva has said...
Oil bounces around as tight supply offsets China, recession fears
14 Jun 2022 3:06 AMU.S. West Texas Intermediate (WTI) crude eased 4 cents to $120.89 a barrel at 0156 GMT, while Brent crude futures dipped 6 cents to $122.21 a barrel.
Explained: How do we know when a recession has begun?
29 July 2022 11:12 AMSix months of contraction is a long-held informal definition of a recession. Yet nothing is simple in the post-pandemic economy. Its direction has...