Asia’s economy grows less strongly

Asia's economy grows less strongly

The Asian Development Bank (ADB) reduced its economic growth forecasts for developing countries in Asia and the Pacific, amid worsening global prospects, according to its outlook report. GDP growth forecast Albert Park, ADB’s chief economist, said “Asia and the Pacific will continue to recover, but worsening global conditions mean the region’s momentum is losing steam as we … Read more

How possibility of economic recession is increasing?

how world is heading towards recession

Opinion | Economist| Sonal Badhan | Global stock markets ended in red and 10Y yields inched up, as investors fear more aggressive rate hike by US Fed to tame the inflation. Tight liquidity conditions and elevated price pressures may dent demand, thus increasing the possibility of economic recession. Latest print from UK shows that the … Read more

Recession, job loss, rising nationalism: A sneak peek into post-pandemic world

‘The Great Lockdown’ recession coronavirus effect on global economy

Vijay Srinivas V | Bengaluru The coronavirus pandemic continues to wreak havoc as the world struggles to contain the deadly virus. With countries across the planet resorting to lockdown and strict restrictions,  concerns are now being raised over how the post-pandemic world would appear once the virus is subdued. There shouldn’t be any doubt over … Read more