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GLOBAL ECONOMY
Surveys show coronavirus pandemic savaging global economy
Some analysts say infinite monetary policy easing may not be enough and fiscal steps are crucial.
Coronavirus: Bank of America says global economy already in recession
On Wednesday, the Wall Street brokerage Bank of America Securities had ...
Indian economy 'remarkably unscathed' amid global coronavirus surge: Chinese media
"The world's second-most populous country with 1.3 billion...
Global economy could shrink by almost 1% in 2020 due to COVID-19 pandemic: United Nations
The analysis by the UN Department of Economic and Social Affairs (DESA) said the COVID-19 pandemic is disrupting global supply chains and international trade. With nearly 100 countries closing national borders during the past month, the movement of people and tourism flows have come to a screeching halt.
Covid-19: G7 pledge to 'do whatever it takes' to safeguard economy
Leaders of the G7 advanced economies on Monday pledged to use all their tools to safeguard the economy and help workers hurt by the coronavirus pandemic.
'Whatever is necessary': Australia dives into QE to save economy
"Really nothing is off the table," RBA Governor Philip Lowe said in Sydney after giving a speech on the newly announced measures.
Covid-19 impact: How to shield the economy
We speak to experts, economists and policymakers to put together a checklist of possible steps to mitigate the impact.
Latest on Covid: A million infected globally & 50,000 dead; a likely 30-year low for Indian economy
The global Covid-19 tally has gone well past a million now and casualties are well over 50,000. In view of the deepening crisis, the World Bank announced $160 billion in aid to help stricken countries. That includes $1 billion in emergency funds for India.
View: What makes world economy particularly susceptible to this virus crisis
The longer the pandemic lasts, the greater the risk that the downturn morphs into a crisis.
Global recession will be ‘way worse’ than 2008 crisis: IMF
The coronavirus pandemic has brought the global economy to a standstill and plunged the world into a recession that will be “way worse” than...
Gold extends gains on worries about slump in global growth
The pandemic is putting increasing strains on emerging market economies, but the International Monetary Fund has sufficient resources to meet their needs for now, IMF officials said on Wednesday.
Equity rally not in sync with sick global economy: Jamal Mecklai
If not today, someday soon, something is about to happen simply because the global economy is fundamentally not well, says the CEO of Mecklai Financial.
China shares end lower as investors take stock of global shutdowns
At the close, the Shanghai Composite index was down 0.9% at 2,747.21.
Coronavirus outbreak could cost global economy up to USD 2 trillion: UNCTAD
UNCTAD has warned that the shock from the epidemic will cause a recession in some countries.
Economy's alright: PM Narendra Modi, Ministers' big message
The PM started the messaging on March 6 with his keynote address, saying “our policies are clear, our fundamentals are strong…” and that to minimise the impact of the global slowdown, his government has “taken whatever initiatives we could, whatever proactive action we could.”
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