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Aug 13, 2020-Thursday

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Thursday, Aug 13, 2020
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World economy

The world economy entered the second half of 2020 still deeply weighed down by the pandemic. The coronavirus recession is expected to still see GDP levels in the largest advanced economies remain around 3% to 4% below their pre-virus trend path by the middle of this decade, Fitch said.
Global growth potential tumbles as unemployment spikes, says Fitch
Jul 28, 2020 10:34
The world economy entered the second half of 2020 still deeply weighed down by the pandemic. The coronavirus recession is expected to still see GDP levels in the largest advanced economies remain around 3% to 4% below their pre-virus trend path by the middle of this decade, Fitch said. read more
Bitcoin, which crypto fans have often touted as “digital gold,” is in favour as the yellow metal nears record levels, concerns rise about the health of the world economy and the dollar falls.
Bitcoin jumps above $10,000 for the first time in six weeks
Jul 27, 2020 07:42
Bitcoin, which crypto fans have often touted as “digital gold,” is in favour as the yellow metal nears record levels, concerns rise about the health of the world economy and the dollar falls. read more
While the effects of the Covid-19 pandemic on the Australian economy are still evolving, migration, which is a key driver of the economy, has been hit following the travel bans, border closures imposed earlier this year since the contagion began.
Australia’s migration intake to fall by over 2 lakh due to Covid-19; Indians affected
Jul 26, 2020 18:59
While the effects of the Covid-19 pandemic on the Australian economy are still evolving, migration, which is a key driver of the economy, has been hit following the travel bans, border closures imposed earlier this year since the contagion began. read more
The Chinese economy was also the first major economy to gradually reopen after bringing the outbreak under control even as it rages worldwide.
Chinese economy bounces to 3.2% growth in second quarter after shrinking in first
Jul 16, 2020 14:18
The Chinese economy was also the first major economy to gradually reopen after bringing the outbreak under control even as it rages worldwide. read more
After hitting lows in March, markets have been surging thanks to government support and optimism that the world economy will bounce back as crippling lockdowns are eased.
Asian markets hit by new lockdowns, fresh China-US tensions
Jul 14, 2020 14:19
After hitting lows in March, markets have been surging thanks to government support and optimism that the world economy will bounce back as crippling lockdowns are eased. read more
New launches fell 78 per cent to 11,967 units, while unsold inventories were down 5 per cent to 6,07,665 units during the period under review.
Housing sales down 67% in Apr-Jun in 9 cities due to Covid-19: Report
Jul 10, 2020 14:35
New launches fell 78 per cent to 11,967 units, while unsold inventories were down 5 per cent to 6,07,665 units during the period under review. read more
Even with those rescue efforts, the world is still suffering its worst economic crisis since the Great Depression.
Covid-19: World economy that took elevator down faces steep stairs back up
Jul 05, 2020 23:04
Even with those rescue efforts, the world is still suffering its worst economic crisis since the Great Depression. read more
Lost jobs don’t come back and unemployment stays elevated. That would force workers to retrain or relocate, both of which are hard, and governments to do more than just try to spend their way out of trouble.
Covid-19: Millions of jobs could be permanently lost in reallocation shock
Jun 16, 2020 14:15
Lost jobs don’t come back and unemployment stays elevated. That would force workers to retrain or relocate, both of which are hard, and governments to do more than just try to spend their way out of trouble. read more
Piyush Goyal said we gave a lot of thrust to agriculture. PM Kisan was expanded to cover all farmers. Another Rs 1 lakh crore for farm gate infrastructure was announced.
‘Too early to predict Covid impact on railways’, says Piyush Goyal
Jun 05, 2020 03:04
Piyush Goyal said we gave a lot of thrust to agriculture. PM Kisan was expanded to cover all farmers. Another Rs 1 lakh crore for farm gate infrastructure was announced. read more
The nation needs to build efficient medical systems and value the farmer who provides food security
Lockdown Diaries: Punjab; standing between hunger and India by Amandeep Sandhu
Apr 22, 2020 16:44
The nation needs to build efficient medical systems and value the farmer who provides food security read more
IMF Managing Director Kristalina Georgieva said a severe economic impact in the first half of 2020 is inevitable and the pandemic encounters weak public health systems.
Covid-19: A large global contraction in the first half of 2020 inevitable, says IMF
Apr 18, 2020 06:46
IMF Managing Director Kristalina Georgieva said a severe economic impact in the first half of 2020 is inevitable and the pandemic encounters weak public health systems. read more
The IMF leader is calling on countries to prioritize health expenditures and to make sure doctors, nurses and other health workers are paid.
IMF leader says coronavirus is ‘crisis like no other’
Apr 04, 2020 07:33
The IMF leader is calling on countries to prioritize health expenditures and to make sure doctors, nurses and other health workers are paid. read more
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.
Coronavirus update- India, China possible exceptions as world economy stares at recession: UN
Mar 31, 2020 12:19
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. read more
In the previous trade, the precious metal had closed at Rs 41,155 per 10 gram. Silver prices, however, dropped by Rs 1,283 to Rs 40,304 per kg from Rs 41,587 per kg in the previous trade.
Gold prices rally Rs 455 on rupee depreciation, global cues
Mar 16, 2020 16:12
In the previous trade, the precious metal had closed at Rs 41,155 per 10 gram. Silver prices, however, dropped by Rs 1,283 to Rs 40,304 per kg from Rs 41,587 per kg in the previous trade. read more
The UN agency said that apart from the tragic human consequences of the COVID-19 epidemic, the economic uncertainty it has sparked will likely cost the global economy USD 1 trillion in 2020.
Coronavirus outbreak could cost global economy up to USD 2 trillion: UNCTAD
Mar 10, 2020 19:20
The UN agency said that apart from the tragic human consequences of the COVID-19 epidemic, the economic uncertainty it has sparked will likely cost the global economy USD 1 trillion in 2020. read more

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