Goldman Sachs Senior Chairman Lloyd Blankfein has asked companies and consumers to brace for an imminent recession in the US, saying it's a "very, very high risk.

Goldman Sachs predicts recession in US, calls it ‘very, very high risk’

Major US stocks lost more than $7 trillion in the first months of 2022 amid fears of a slowdown in America. Will the US drag the world into another recession? What does the global slowdown mean for India? Palki Sharma tells you.

Gravitas: US stocks lose $7 trillion in 2022

Marking a week end to first quarter of a year, when risk of recession is looming, Britain's economy unexpectedly shrank in March, it is also coming at a time when there is an increasing pressure on government to offer more support to inflation-hit households.

Recession risk mounts for UK economy

UK is on course to enter a technical recession in second half of this year, it also faces a big hit to living standards from surging prices, states an economic think tank.

UK to enter recession this year: Think Tank forecast

Global markets suffered their worst slide since June 2020 amid uncertainties surrounding the war and pandemic. The Indian Rupee hit an all-time low against the US Dollar. Are these indications of a looming recession? Palki Sharma tells you.

Gravitas: Worst day for global markets since June 2020

The Federal Reserve hiked interest rates by 50 basis points, their largest hike since 2000. The move has triggered fears that America may slip into a recession. Palki Sharma tells you more.

Gravitas: US Federal Reserve hikes interest rates

Russia needs to pay $117 million to its creditors this week. World Bank's Chief Economist said Moscow is "mightily close" to a default. Can a Russian default trigger a global recession? Palki Sharma brings you a report.

Gravitas: Russia could default on its debt within days

Construction and property sales have slumped. Small businesses have shut because of rising costs and weak sales. Debt-laden local governments are cutting the pay of civil servants.

China’s economy is slowing, a worrying sign for the world

China's massive debt bubble looks all set to pop. How will a financial meltdown in China affect the world? How will it impact your shopping cart? Palki Sharma tells you why a Chinese slowdown concerns all of us.

Gravitas: What would a Chinese recession look like?

The Sri Lankan government has ended price control on essential food items in a bid to contain illegal trading and quell supply shortages.

No more price curbs, rationing on essential food items in Sri Lanka

In two weeks, America could default on its debt for the first time in history. President Joe Biden has called it a 'meteor headed for the US economy'. Are Republicans using the recession as leverage? Is Biden's bipartisanship claim a sham? Palki Sharma tells you.

Gravitas: Biden blames Republicans for looming credit default

The Coronavirus restrictions have shuttered swathes of business and the Australian economy is in recession. In this case, all eyes are on the upcoming data on GDP.

World Business Watch: Australian economy faces recession

The impact of the deadly coronavirus on the ‘world of work’ is four times worse than the 2008 economic crisis that brought years of recession, the United Nations (UN) has claimed.

Impact of coronavirus four times worse than 2008 financial crisis: UN

The eurozone economy fell into a second recession in less than a year in the first quarter, data showed on Friday, as slow vaccinations and pandemic lockdowns stopped a rebound.

Eurozone enters double-dip recession in first quarter

The pandemic-induced technical recession in India has ended with growth in both GDP and the gross value added (GVA) in real terms in Q3 FY2021. The Gross Domestic Product (GDP) grew 0.

Covid-driven recession over, India economy returns to growth in December quarter

According to the government, the Indian economy contracted 7.5 per cent in the July-September quarter which is the most among major economies as the coronavirus pandemic continues to ravage jobs and growth worldwide.

Pandemic effect: India's GDP contracts 7.5% in July-September quarter; shrinks 23.9% in April-June

According to a poll, business sentiment of Japanese manufacturers and service-sector firms was the least pessimistic in nine months in November, as the world’s third-largest economy showed signs of pulling out of a coronavirus-induced recession.

World Business Watch: Japan manufacturers less pessimistic in November

Coronavirus pandemic has pushed several economies into a deep recession. The outbreak has had a big impact on the economic, social, and political fronts in many parts of the world. In Myanmar, the virus has dragged the poor families to an edge. Watch report.

Myanmar's coronavirus crisis: Virus drags poor families to the edge

An estimation by Poland's statistics office on Friday showed that the country is experiencing recession since the end of the communist era that happened three decades ago.

Virus-hit Poland in first recession since communist era: Official data

IndiGo on Monday said it is implementing "deeper" pay cuts of up to 35 per cent for its senior employees in order to reduce its cash outflow amid the coronavirus pandemic.

IndiGo announces 'deeper' pay cuts of up to 35 per cent for senior employees

Reports say Asia's second-largest economy Japan is set to declare recession after 71 straight months of growth. Watch this video to know more.

Video: Japan set to declare recession after 71 straight months of growth

Bad loans in the Indian banking system could soar to almost 15% of total loans by March 2021 as the coronavirus crisis leads to rising levels of household and corporate debt, the Financial Stability and Development Council said in a report published on Friday.

Indian banks' bad debt ratio could hit nearly 15% by March in worst-case scenario: Report

Hit by the COVID-19 economic slowdown of another developed economy South Korea has joined Japan, Thailand, and Singapore in a technical recession. Watch report.

Recession in South Korea: Exports plunge the most since 1963

The South Korean economy plunged into recession in the second quarter in its worst decline in more than two decades as the coronavirus pandemic battered exports and social distancing curbs paralyzed factory output.

South Korea enters recession as exports plunge by most since 1963

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