Search result for Recession
• According to the Commerce Department, the US gross domestic product (GDP) plunged at a 31.4 percent annualized rate last quarter (April-June quarter), 0.3 percent less than what was predicted a month back
• As per the economists, the US economy is likely...
- The initial US jobless claims point towards the same
- The U.S. economy needs greater fiscal support
For the US economy, many experts and economists have raised concerns. It is regarding the possibility of a double-dip rece...
- Scotland has become the leading country in the United Kingdom’s most Recession-Proof home market
- Several homes in some of the most scenic terrain of Scotland saw increase in the value of homes as United Kingdom slipped into recession...
- Indicators like retail sales etc. has been strong
- The retail giants like Home Depot, Walmart have reported sales gains
Ed Yardeni said that markets could observe a rebound in revenues. It was affected severely by the pande...
- Fed’s stimulus efforts were acknowledged
- Congress’s response to the recession was debated
The National Association for Business Economics surveyed economists. According to a m...
- South Korea President Moon Jae-in announced on Monday that the government will use every possible measure to revive South Korea’s recession-hit economy in the third quarter (Q3).
- Asia’s fourth-largest economy has been in ...
- Cabinet Office of Japan to declare that the country has entered into recession.
- This ends the economic expansion that lasted for 71 months.
- In December 2012, the latest streak of economic growth began.
- The cor...
- The South Korea stock market has plummeted after data indicate that the country has fallen into recession in the second quarter.
- The benchmark KOSPI has fallen by 15.94 points which is equivalent to 0.72% and stood at 2,212.72.
- South Korea’s Gross Domestic Product (GDP) has plummeted worse-than-expected i.e. 2.9% in year-on-year terms.
- Exports, which account for 40% of the economy has experienced the largest fall since 1963.
- The government of Sou...
- The German industrial sector sees a steady rise.
- Orders for industrial goods rose by 10.4% in May.
- Domestic orders rose by 12.3% and abroad up by 8.8%.
- However, the government expects the economy to shrink by ...
- Coronavirus crisis caused many businesses to stop their operations.
- As revenue reduced, business spending had to reduce due to decreasing purchasing powers of businessmen.
- Machinery orders as well as wholesale prices are rapidly ...
• April was the first month, when the UK saw complete lockdown with almost no economic activity
• Post-COVID, social distancing and no-deal Brexit complications will impact the country’s pace of economic recovery
• According to the OEC...
- Business activity has observed a steep decline due to strict lockdowns and travel restrictions
- The effects will be long-lasting, recovery will be slow
The Organization for Economic Cooperation and Development (...
Australia hit by the recession
June quarter reports will brief about the severity
Lockdown upliftment will open up ways for economy boost
Australia is hit by Co...
- China proposed a new security law for Hong Kong that will outlaw subversion, sedition, and foreign interference indicating that China has control over a financial hub that is famous in other parts of the world because of its quasi-independence and ru...
There is no point in hiding that the India’s crippling economy was devastated by the coronavirus pandemic. Majority of the businesses and industries remained closed since two months due to nationwide lockdown imposed to curb the spread of virus. Though the Central government has eased lockd...
- Private consumption fell by 0.7%.
- Exports shrank 6%.
In the first quarter, Japan’s economic growth plunged into recession. The corona virus pandemic squelched production, exports, and spe...
- The COVID – 19 pandemic has brought the US economy into a recession
- Fed Chief states that it will rebound but the recovery could stretch through the end of next year.
- The Turkish currency is under pressure amid the rising inflation, mounting unemployment, and slow growth.
- US dollar surged by more than 1.5% against the lira.
- Turkish lira will continue to weaken and it will further result in th...
- Japan loses out on major exports from its leading trading partners
- Even before the pandemic, Japan was struggling to find its stability as an economy
- The pandemic acted as a catalyst which accelerated the progress towards recession a