The COVID-19 recession is the first since 1870 to be triggered solely by a pandemic, World Bank President David Malpass said in his forew...Read More
Of this, the impact on south Asian gross domestic product (GDP) will be to the tune of USD 142-218 billion.
Describing the coronavirus-induced recession as "unparalleled", Fitch Ratings has massively slashed its global growth forecast, saying th...Read More
The world economy, already "sluggish" before the coronavirus outbreak, is now bound to suffer a "severe recession" in 2020, IMF chief Kri...Read More
So far, more than 200 countries and regions are plagued by the virus, which has infected over 2.1 million people with over 143,000 deaths...Read More
It said, "It is very likely that this year the global economy will experience its worst recession since the Great Depression, surpassing ...Read More
The global economy could shrink by up to one per cent in 2020 due to the coronavirus pandemic, a reversal from the previous forecast of 2...Read More
As businesses lose revenue, unemployment is likely to increase sharply, transforming a supply-side shock to a wider demand-side shock for...Read More
The struggle now is to make the best of a very difficult situation with measures that first bring relief to those most affected by the ca...Read More
Washington: The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing n...Read More
China did not and will not stand aside when the crisis is causing human suffering, slowing the global economy, and upending people's live...Read More
Equities post biggest intra-day recovery after hitting lower circuit on Friday the 13th
New Delhi: The growth outlook for 2020 appears bleak, The Economist Intelligence Unit said on Wednesday and cited coronavirus, the US-EU ...Read More
Although Moody's does not expect a recession in 2020, recession risks are building, the report said.
Washington: The trade war between the United States and China will drag the global economy down with the gloomiest growth forecast for 20...Read More
By Staff Reporter
“Application of information technology in architecture, planning and design opens up huge opportunities in achieving universal good,” Sin...Read More
Washington: The largest emerging market economies like India are experiencing an even "more pronounced" effect of the global downturn, ne...Read More
By FPJ Web Team
Tensions in the region surged following an attack on Saudi oil facilities on September 14. The attack was claimed by Iran-backed Houthi r...Read More
"Such a de-growth in exports is a reflection of sluggish global demand and rising tariff war"
As an escalating US-China trade war looms large, eyes are on whether the G-20 nations -- accounting for about 80 per cent of the world's ...Read More