Page 6 - World Economy

World economy will struggle to bounce back from Covid-19 lockdowns: Reports

While growth in the hardest hit economies may snap back briefly, the momentum will soon fade, a financial research firm warned

UN forecasts Covid-19 to shrink world economy by 3.2%, sharpest since 1930s

The UN's mid-year report said the impact of the coronavirus crisis is expected to slash global economic output by nearly $8.5 trillion over the next two years

Top headlines: Losses for Indian airlines, Chris Wood rejigs India exposure

As regards India, Wood remains concerned that the lockdown in the economy continues, which in turn, will impact the consumer lending cycle

Covid-19 will reboot world into virtual reality: Kiran Mazumdar-Shaw

This Covid-19 outbreak is a lesson that technology has many faces and being besotted with only one application of computational science is dangerous, Mazumdar-Shaw said

Covid-19: Global economic contraction in H1 of 2020 inevitable, says IMF

The IMF managing director said the immediate priority was to minimise the pandemic's human toll and economic disruption

India to grow at 1.9% in FY21, recover to 7.4% path in 2021-22: IMF

The country will still be the fastest growing large economy this financial year, but it will lose that tag next year to China, says the agency.

Economists bet on solid rebound after world recovers from Covid-19 crisis

The impact is more akin to a natural disaster like a hurricane, said economists at the New York Federal Reserve Bank

Coronavirus-induced recession way worse than 2008 financial crisis: IMF

More than 1 million people worldwide have been infected with Covid-19

Covid-19: Recession for world economy; India, China likely exceptions: UN

The report did not give a detailed explanation as to why and how India and China will be the exceptions as the world faces a recession and loss in global income that will impact developing countries

World coronavirus dispatch: US crosses 100,000 cases; jobs cuts fear global

Read in today's global Covid-19 digest: Horde among machine makers to produce ventilators; world's richest footballers in for a pay cut; Apple's dedicated Covid-19 screening app; and more

Is 'universal basic income' a possible remedy for economies hit by virus?

Now, with the US economy crippled as people hunker down at home, the likes of conservative Republican Senator Mitt Romney are raising the idea

Covid-19: US headed towards recession, but Silicon Valley still optimistic

A total of 218 people have died in the US due to the fast-spreading coronavirus pandemic

Covid-19 crushing GDP growth, world moving towards recession: Fitch Ratings

Falling GDP in China is virtually unprecedented and, in the near term at least, these numbers look worse than most previous hypothetical 'hard-landing' scenarios

Coronavirus pandemic has already put global economy into recession: Poll

More than three-quarters of economists based in the America, and Europe polled this week

Coronavirus wrap: Exams deferred, soldiers on alert, Ramdev claim blasted

Prime Minister Narendra Modi will speak to the nation on Thursday evening about the coronavirus crisis. Here is all the important news about Covid-19 from Wednesday

Coronavirus may spark global recession; worst since 2001: Morgan Stanley

A BofA Securities' Fund Manager Survey for March suggests investor sentiment has collapsed on the back of the coronavirus, oil shock, recession, and debt default risk.

US Fed cuts rates, central banks coordinate to cushion coronavirus blow

The Bank of Japan just said it will hold an emergency meeting Monday, instead of the March 18-19 scheduled one

Lessons for handling virus shocks

The coronavirus has touched off an accelerating series of economic and social disruptions around the world

Coronavirus may shrink world economy, cause repeat of 2008 crisis: Report

The OECD said China's reduced production is hitting Asia particularly hard but also companies around the world that depend on its goods

Beyond green shoots: How to ensure speed and quality of economic recovery

Unless key issues are addressed, even if growth bounces back from the sub-5 per cent, it will stay lower than the already inadequate long-term average of 6.6%, writes T N Ninan