Monday, 23 May, 2022

Topic: Recession

Rishi Sunak warns UK is headed into ‘severe recession’ unprecedented in scale

The Bank of England has predicted that a three-month lockdown could lead to a 14% slump this year — the deepest recession since the early 18th century.

Boris Johnson put to the test as UK economy records largest monthly contraction

Chancellor of the Exchequer Rishi Sunak warned Wednesday that the country faces a significant recession after GDP fell almost 6% in March.

Can Modi govt ask companies not to sack workers due to Covid crisis or should firms decide?

PM Modi has appealed to the industry leaders to be compassionate and not sack employees as he extended the nationwide lockdown until 3 May.

Goldman sees recession in India as consumption takes severe hit

India’s GDP is forecast to shrink an annualized 1.4% in Q1 of FY21 and 3.8% in the second quarter, Goldman economists wrote in a report.

Sensex falls over 1,100 points, Nifty below 8,400

The International Monetary Fund (IMF) has said the world has entered a recession as it faces the devastating impact of the coronavirus pandemic.

What’s recession? The economic term back in conversation after Sitharaman’s Parliament reply

Economists Raghuram Rajan, Rathin Roy among many debating if India is in the midst of recession after Nirmala Sitharaman brings it up in Parliament.

India’s growth may have slowed down, but there’s no recession, says Nirmala Sitharaman

Comparing 5 years of Congress’ UPA-II regime and BJP’s first term, Finance Minister Nirmala Sitharaman said in Rajya Sabha inflation was lower & growth higher under Modi govt.

As US economy teeters close to a recession, China won’t be saving the world this time

One of the key drivers of the global economy during the 2001 and 2008 crises, China is unlikely to feed a fiscal stimulus given its massive buildup of debt.

India is in a ‘quasi-recession’ and growth remains elusive, report says

Growth has slipped below long-term trend of 6.6% for 2 consecutive quarters & needs govt spending boost, Nirmal Bang Equities said in a report.

The world is not even close to the next great recession

The world economy might be messy and there will be regional divergences aplenty, but it is not terrible as IMF data shows there are still some chances of growth.

On Camera


Golden Temple

What Akal Takht must know about harmonium and music before banishing it from Golden Temple

In an era where India’s past and ‘purity’ are constantly being dug up and debated, the humble harmonium has become the latest victim.

World’s $300 trillion in debt. Here’s what it means for services like health, education

To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.


Boeing's F/A-18 Super Hornet pulls off its first successful launch from a ski-jump at Naval Air Station Patuxent River, US | Photo credit: Boeing

2 American Super Hornets in India as Boeing looks to showcase fighters for Navy deal

Navy looking at about 26 multi-role deck-based fighters for its aircraft carrier. Visit by Super Hornets comes close on heels of similar trip by competitor Rafale M of Dassault Aviation.

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.