Next global recession could be around the corner and it may look a lot different from those that began in 2001 and 2008
The United Nations Conference on Trade and Development said the virus outbreak can cost global economy up to $2 trillion this year
The prime minister said the impacts from the coronavirus outbreak were "potentially greater" than the global financial crisis of 2008
The RBI governor also said that the impact of Covid-19 on India will be limited
Coronavirus' genesis in China, and its transitive impact on global economic activity, portend important lessons for economists
Developing more sources of supplies to guard against disruptions may emerge as the next big trend. But with what's happening in Delhi, India stands to lose out on a chance
Thakur said various financial institutions, including IMF and RBI, have projected that India will once again attain fast growth
"The pulls and pressures of the international system are today most evident in the trade domain," he said
Global response to coronavirus remains uncertain
The delegates managed to extract a key concession from the U.S. by including a focus on climate change in the final communique.
'However, a sharp & rapid economic rebound could follow'
The IMF said that global growth would have been 0.5 percentage point lower without last year's actions
Anemic condition, or slowing down factors of different nature, continue to prevail in all major economies
The IMF projection, 1.3 percentage point lower than its earlier estimates, is less than the five per cent projected by the official advance estimates
Book review of Too Small to Fail: Why Some Small Nations Outperform Larger Ones And How They Are Reshaping The World
But confidence in global economic growth reached lowest levels since 2008 financial crash
Morgan Stanley economists expect the global economy to recover some momentum in 2020
US President Donald Trump had launched the trade war with China last year demanding Beijing to reduce massive trade deficit.
Both China and the US have scheduled further tariff increases for December, and Europe is considering retaliation against any US action
Interest rates are either already around historic lows or negative after more than 750 cuts since 2008, spurring concerns they are doing more harm than good