Tag: Recession
17 Results
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Shriram Finance offers recession proof products for 2023
Small and Medium-Sized enterprises account for 29 per cent of the nation's GDP, 49 per cent of exports, and more than 63 million businesses nationwide says Umesh Revankar, Executive Vice Chairman, Shriram Finance.
March 15, 2023 -
Bezos warns of recession, advises people to avoid expensive purchases
Amazon founder Jeff Bezos has warned consumers and businesses to postpone large purchases during the holiday season in anticipation of an economic recession.
November 20, 2022 -
India is differently placed, at low risk of recession: RBI Governer
Reserve Bank of India Governor Shaktikanta Das said a synchronised tightening of monetary policy globally has progressively increased the risk of a hard landing, which is a recession to tame inflation. India, however, is differently placed.
November 20, 2022 -
Bank of England raises bank rate, the highest in 30 years, to combat inflation
After US Federal Reserve hikes key interest rates by 75 basis points, the Bank of England raised bank rate by 75 basis points -- the highest since 1992 -- to 3 per cent for combatting inflation growing in double digits and to curb the energy price crisis in the country.
November 4, 2022 -
Bank of England warns of longest recession in 100 yrs
The Bank of England has warned the UK risked being plunged into the longest recession in 100 years after it pushed up the cost of borrowing to 3 per cent in the biggest single interest rate rise since 1989.
November 4, 2022 -
Global economy dangerously close to a recession: World Bank
"That's a world recessions could happen under certain circumstances," Malpass said.
October 14, 2022 -
Economic growth in India, China, Indonesia will be less affected: S&P Global Ratings
Growth in large Asia Pacific economies like China, India, and Indonesia will be less affected as their economies are more domestically oriented, said S&P Global Ratings on Thursday.
October 13, 2022 -
World could lose $4 tn in economic output between now and 2026: IMF
The global economic outlook is darkening and the risks of recession are quickly rising as per the International Monetary Fund, which said it will once again lower its growth projections, CNN reported. “We estimate that countries accounting for about one-third of the world economy will experience at least two consecutive quarters of contraction this or...
October 7, 2022 -
No plan to cut chip production despite slowing demand: Samsung
Samsung Electronics is not considering a cut in production of its memory chips despite slowing demand amid concerns over a global economic recession, a senior company executive has said.
October 6, 2022 -
86% of global CEOs anticipate a recession over the next year: KPMG survey
A survey of more than 1,300 chief executive officers (CEOs) at the world's largest businesses reveals that over the next year, 86 per cent of these global leaders anticipate a recession to hit. However, 58 per cent of these leaders expect the recession to be mild and short.
October 5, 2022 -
More than 1 in 2 senior business executives see recession looming: Report
More than one in two senior business executives globally (59 per cent) believe there will be a recession in the coming year, according to an IDC survey.
September 24, 2022 -
‘US economic recovery would reverse if debt limit not raised’
US Treasury Secretary Janet Yellen also warned that a default on US debt would "likely precipitate a historic financial crisis" that would compound the damage of the continuing public health emergency.
September 20, 2021 -
‘Economy likely to enter into technical recession for first time in history’: RBI
The RBI also said that the NSO estimates for the second quarter expected at the end of November 2020 will formally bear out the extent of improvement that occurred in the quarter gone by.
November 12, 2020 -
India’s worst recession is here, says Crisil
CRISIL also foresees economic activity in states with high Covid-19 cases to suffer prolonged disruption as restrictions could continue longer.
May 27, 2020 -
Foreign investors pull out over $16 bn from India amid Coronavirus pandemic: Report
According to CRS, the pandemic crisis is challenging governments to implement monetary and fiscal policies that support credit markets and sustain economic activity, while they are implementing policies to develop vaccines and safeguard their citizens.
May 20, 2020 -
Surviving strategies
It is important to believe that persistence in these difficult times is the only way for startups to sustain.
May 15, 2020 -
Lost job amidst Coronavirus pandemic? Here’s how to deal with crisis
The crisis is hampering everything including businesses getting shut, salaries being slashed, employees getting sacked, no salary hikes, perks etc.
May 1, 2020