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Recession fears, rising inflation spook global markets

  • Downcast earnings reports from retailers have heightened worries about consumer resilience at a time of rising interest rates, surging energy prices, China lockdowns and the Ukraine war.
Leading European and Asian stock indices closed in the red.(REUTERS)
Leading European and Asian stock indices closed in the red.(REUTERS)
Published on May 20, 2022 03:52 AM IST
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AFP |

India may have exited recession in 2020-end, GDP data may shed light: Report

Surveys from RBI this month showed that consumers perceived the current economic situation as being better than it was in November when a similar survey was conducted.
A vendor selling clothes waits for customers at a market in Hyderabad on November 27, 2020(AFP/For Representational Purposes Only)
A vendor selling clothes waits for customers at a market in Hyderabad on November 27, 2020(AFP/For Representational Purposes Only)
Published on Feb 25, 2021 11:17 AM IST
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Bloomberg |

UK prepares for another recessions as lockdowns cripple economy

  • Because of the November fall, the economy is set to contract again in the fourth quarter.
A coronavirus information sign is displayed by a bus stop in London. (AP Photo)
A coronavirus information sign is displayed by a bus stop in London. (AP Photo)
Published on Jan 15, 2021 07:09 PM IST
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AP | , London

Unparalleled global recession underway, twice as severe as 2009: Report

Fitch said the slump in FY21 growth was mainly due to a projected fall in consumer spending to just 0.3 per cent in FY21 from 5.5 per cent a year back and a 3.5 per cent contraction in fixed investment.
Global recession will be twice as severe 2009 recession, says Fitch Ratings.(Bloomberg File Photo)
Global recession will be twice as severe 2009 recession, says Fitch Ratings.(Bloomberg File Photo)
Updated on Apr 23, 2020 01:07 PM IST
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New Delhi | ByPress Trust of India

Coronavirus update- India, China possible exceptions as world economy stares at recession: UN

Covid-19 update:The report, however, did not give a detailed explanation as to why and how India and China will be the exceptions as the world faces a recession and loss in global income that will impact developing countries.
Near empty view of Jama Masjid in Delhi on day 6 of the 21-day nationwide lockdown to curb the spread of coronavirus.(Sushil Kumar/HT PHOTO)
Near empty view of Jama Masjid in Delhi on day 6 of the 21-day nationwide lockdown to curb the spread of coronavirus.(Sushil Kumar/HT PHOTO)
Updated on Mar 31, 2020 12:19 PM IST
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United Nations | ByPress Trust of India
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Wednesday, May 25, 2022