Tag: economy
World Bank Projects Global Economy To Shrink By 5.2% In 2020
The global economy is on track to shrink by 5.2 per cent this year amid the COVID-19 pandemic, the deepest recession since the Second World War, the World Bank Group said in its latest Global Economic Prospects. ....
Tokyo Lifts Coronavirus Alert, All Businesses To Reopen
The Tokyo metropolitan government lifted its "Tokyo alert" that was issued on June 2 due to a sharp rise in the number of new COVID-19 cases detected in the capital.....
'US Economy Well Short Of Pre-pandemic Level Despite Reopening'
The US economy may be entering a phase of bouncing back, with the easing of social distancing measures and resumption of business activities, but employment and output will be "well short" of the pre-pandemic level, Federal Reserve Chairman Jerome Powell said on Tuesday. ....
IPL 13: Dhoni Swaps Business Class Seat With Economy Class Passenger
MS Dhoni has won several hearts, both on and off the cricket field, due to his performances in a stellar international career and his down-to-earth attitude.....
Economies Across The Globe Witnessed Covid-led Contraction
While India reported a contraction of 23.9 per cent in the first quarter GDP, the economies across the globe also witnessed a contraction, replicating a negative trend. ....
GDP Sees Unprecedented Freefall In Q1FY21, Contracts By 23.9%
The Covid-19 pandemic-induced economic turbulence, along with measures to curb its outbreak, heavily dented India's economy and plunged the country's GDP by (-) 23.9 per cent during the first quarter (Q1) ended June 2020-21 on a year-on-year basis. ....
Increase Infrastructure Spending To Revive Economy: Chidambaram
Former Union Finance Minister P. Chidambaram has advised the government to increase spending in infrastructure to revive the Indian economy, as the GDP has contracted by 23.9 per cent in the first quarter of the 2020-21 fiscal. ....
Good Road Network Will Boost Economic Growth: Sheikh Hasina
Bangladesh Prime Minister Sheikh Hasina on Thursday said her government was working to build a 'communication network' across the country to ensure transportation of goods and economic self-sufficiency of people. ....
Economy Not Circus Lion That Responds To Ringmaster's Stick: Chidambaram
Former Finance Minister P. Chidambaram on Thursday criticised the Centre for its claims on reviving the economy. He said the economy was largely determined by the market, by the laws of demand and supply, and by the purchasing power and the sentiments of the people, which are missing currently. ....
India On Course To Become 5-trillion-dollar Economy By 2024: BJP
The BJP presented latest economic data on Tuesday to claim that not only is the economy of the country back on track but is on an upward surge. BJP's spokesperson for economic affairs Gopal Krishna Agarwal cited GST collections of October among other indicators to reiterate his party's position that India is still on course to become a 5-trillion-dollar economy by 2024. ....
