"This is twice as large as the decline anticipated in our early April GEO update and would be twice as severe as the 2009 recession."
The predicted loss could be of trillions of dollars of global income, while India and China are likely to be exceptions, says the report
Leaders of the G20 major economies will hold an online summit Thursday in a bid to fend off a coronavirus-triggered recession, after crit...Read More
A global recession is now the base case, said Morgan Stanley economists led by Chetan Ahya. They see growth falling to 0.9 per cent this ...Read More
By FPJ News Service
As the virus wiped off $6 trillion off world stocks, alarm bells were ringing of a possible global recession.
Dubai: There is “quite a good chance” of a global recession late this year or next year, Nobel Prize-winning economist Paul Krugman has w...Read More
New Delhi: The prolonged decline in oil prices and weaker expansion in Chinese economy have dimmed growth prospects of several economies,...Read More
New Delhi – From a situation earlier when the global economy would face a crisis once a decade, now such crises almost “twice a day” have...Read More