Thursday, 26 May, 2022
TopicGlobal recession

Topic: Global recession

Gold rises to 5-week high as risk of US recession boosts demand for haven asset

The possibility of a de facto EU embargo on Russian gas and threat of some curbs on crude in Europe’s next sanctions package bolstered both commodities.

Pandemic reinvents grocery shopping in China, South Africa eases lockdown & other Covid news

As the Covid-19 pandemic shows no signs of letting up, ThePrint highlights the most important stories on the crisis from across the globe.

Singapore slumps into a recession as its GDP plunges by a record 41.2%

Singapore is one of the first countries to report quarterly GDP data, and the figures show it’s taking a bigger hit than many others in Asia.

The next 3 months will reveal how badly global economy has been hit by coronavirus

Next 3 months stand to reveal the underlying economic pain more vividly than past 3 months as massive fiscal assistance from govts is soon going to fade.

This recession is different & India can bounce back much faster than in the past

The recession this time isn’t driven by inherent weakness in economies or factors like oil shocks. It’s also synchronous. This could quicken India’s recovery.

World Bank forecasts worst recession in eight decades due to coronavirus

Global gross domestic product will probably shrink 5.2% in 2020, the World Bank said in its semi-annual Global Economic Prospects report.

Great Lockdown Depression will be the worst in a century and could get worse, IMF warns

In its first World Economic Outlook report since spread of virus, IMF estimates that global gross domestic product will shrink 3% this year.

Global economy faces a $5 trillion hit due to Covid-19. That’s more than Japan’s GDP

The downturn is predicted to be short-lived, but it is unlikely to return to its pre-crisis trend until at least 2022.

How India can buck the trend of global recession caused by coronavirus

Social distancing is our best bet against coronavirus, but will sharpen the impact on the world economy. India is better placed than many developing countries.

These are the 5 Ps that will help determine if stock markets have bottomed out

Investors have fled emerging markets in record numbers, even though central banks and governments have piled on stimulus to counter the virus impact.

On Camera

YourTurn

Representational image of dal and roti | Photo Pixahive/CC0

Feeding world must take backseat, Modi govt should deal with India’s ‘chapati’ crisis first

German agriculture minister Cem Ozdemir said imposing export restrictions or closing markets would worsen the crisis. Actually, the opposite might be true.
A petrol pump staffer refills fuel in a two-wheeler in New Delhi, on 29 March 2022 | ANI photo

Modi govt won’t borrow extra this year to fund tax cuts, inflation target to stay at 4%

The cut in excise duty last week, coupled with an increase in fertiliser and food subsidies, is expected to cost the exchequer around Rs 3 lakh crore in the current financial year.

Defence

Naval helicopters | Representational image | indiannavy.nic.in

What’s Combined Military Forces-Bahrain? US-backed coalition India joined on Quad sidelines

India is 35th member of the maritime counterterrorism partnership that also includes Pakistan, Australia, Bahrain, Denmark, Egypt, France, Germany and Greece, among others.

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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