The coronavirus pandemic has hit Singapore’s economy and the country has entered a technical recession after shrinking by 41.2% in the second quarter compared to the previous quarter. Watch report

Coronavirus pandemic hits Singapore: Economy slips into recession

Many people have lost their jobs due to coronavirus pandemic. Australia's unemployment rate has jumped to its highest level in nearly about 2 decades. Watch report.

Australia jobless rate at 19-yr high: First recession likely in nearly 30 yrs

For the first time in 68 years, Pakistan's economy is set to contract in the outgoing fiscal year with a negative 0.38 per cent due to the adverse impact of the coronavirus pandemic coupled with the already weak financial situation before the pandemic hit the country, according to the economic survey unveiled on Thursday.

Pakistan's economy contracts for first time in 68 years by -0.38 pc

US consumer prices fell for a third straight month in May and underlying inflation was weak as demand for goods and services remained subdued amid a recession caused by the COVID-19 pandemic.

US inflation subdued with economy in recession

The outlook for Britain's coronavirus-blighted labour market is at its bleakest for almost 30 years despite the easing lockdown, a survey showed Tuesday. Employment consultancy ManpowerGroup revealed the outcome of a survey of 1,056 UK employers, which comes as Britain continues to relax its COVID-19 lockdown.

UK labour market outlook bleakest since 1992: Study

Japan’s economy slipped into recession for the first time in 4-1/2 years, GDP data showed on Monday, putting the nation on course for its deepest postwar slump as the coronavirus crisis takes a heavy toll on businesses and consumers.

Japan slips into recession, slump set to worsen as pandemic wreaks havoc

The global economy will take much longer to recover fully from the shock caused by the new coronavirus than initially expected, the head of the International Monetary Fund said, and she stressed the danger of protectionism.

IMF chief warns full global economic recovery unlikely in 2021

The UK’s hospitality sector has taken a dramatic financial hit since they were ordered to close down in the month of March.

UK: Cafes struggle to stay afloat

India's finance minister Nirmala Sitharaman said, Five pillars of "Atmanirbhar Bharat" include - economy, infrastructure, system, demography and demand.

Indian government outlines economy revival plan

As a Coronavirus pandemic is staring a path of world economies, we are certainly staring at a devastating recession. Fears are growing that the worldwide economic downturn could be deep and lengthy with recovery limited by continued anxiety.

COVID-19: How much will the global economy lose?

The global economy is staring at a recession. According to some estimates, India's growth rate could drop to less than two percent. WION's Palki Sharma tells you what India is doing to contain the economic fallout of the virus.

Gravitas: India moves to revive economy | Wuhan Coronavirus

These are unprecedented times for the global economy and that is an understatement. But, the pandemic has set back the global economy by decades. Also read: How is the Chinese economy's shrinkage reconfiguring the global economy?

Coronavirus has brought world economy on its knees, is a global recession inevitable?

The coronavirus pandemic is pushing the global economy into its deepest recession in a century, cutting world output by three per cent this year, and the crisis could get worse, the International Monetary Fund said Tuesday.

Pandemic causing deep recession, and it could get worse: IMF

The International Monetary Fund has made some dire predictions. The organisation says the world is staring at its worst recession in almost 100 years due to the coronavirus outbreak. tells you more.

Gravitas: Wuhan Coronavirus will unleash the worst recession since Great Depression

South Africa slipped into recession in the final three months of 2019, the country's statistics bureau said on Tuesday, the third contraction to hit the economy since the end of apartheid in 1994.

South Africa slips into recession

Indian economy is facing a tough time but it seems we are at the end of it and dawn is approaching. For the October-December quarter, GDP grew at 4.7 per cent in line with expectations of various estimates while the growth rate for the September quarter was revised up to 5.

How this economic slowdown is different from the previous ones

Wall Street stocks crashed for a second day on Friday down nearly 1,000 points, diving 3.8 per cent in early trade sinking 11 per cent in the last two days as the coronavirus affected world markets.

Global stocks record worst drop since 2008 recession as coronavirus spreads worldwide

Japan registers worst slump in 5 years. where its economy hit by low consumer spending. Japan is currently facing a recession due to many occurring circumstances that have caused Japan's economy to slowly spiral down.

Japan's Economy shrank sharply | Wion News | World News

Finance Minister Nirmala Sitharaman on Wednesday admitted that growth may have come down but said it is not a recession yet. She added that it will never be a recession ever in the country.

Growth may have come down but there isn't any recession: Sitharaman

Hong Kong confirmed on Friday its economy plunged into its first recession in a decade in the third quarter, weighed down by increasingly violent anti-government protests and the escalating US-China trade war.

Hong Kong third-quarter GDP shrinks 3.2%, confirms depth of recession

The World Bank urged protest-hit Lebanon on Wednesday to form a new government quickly, warning that an economic downturn would deepen poverty and worsen unemployment.

World Bank urges Lebanon to form government, warns of recession

The recent truce in the US-China trade war is not an economic turning point and has done nothing to reduce a significant risk that the United States could slip into recession in the next two years, a Reuters poll of economists found.

US-China trade reprieve brings no refuge from recession risk: Report

The world economy is slowing to its weakest pace since the global financial crisis, amid continuing trade conflicts that have undercut business confidence and investment, the IMF said Tuesday.

World economy at its weakest pace since global financial crisis: International Monetary Fund

HSBC is planning to lay off up to 10,000 staff, a report said Monday, just weeks after its chief executive stepped down and announced the axing 4,000 posts citing a weak global outlook.

HSBC planning to cut 10,000 more jobs: Report

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