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US Economy Shrank 0.9% Last Quarter, Its Second Straight Drop

US Economy Shrank 0.9% Last Quarter, Its Second Straight Drop

Consecutive quarters of falling GDP constitute one informal, though not definitive, indicator of a recession

28 July 2022
US Fed Raises Rates, Powell Rejects Recession Fears - What It Means For Crypto World?

US Fed Raises Rates, Powell Rejects Recession Fears - What It Means For Crypto World?

The cryptocurrency market soared after the US Federal Reserve increased the interest rates by 75 basis points on Wednesday and chair Jerome Powell rejected...

28 July 2022

Canadian Bank Expects Short-Lived Recession In 2023

RBC economists said that soaring food and energy prices, rising interest rates and ongoing labour shortages will push the economy into a "moderate contraction"...

Why Global Recession Can Be Good News For Modi Government

Why Global Recession Can Be Good News For Modi Government

From crude, metal to edible oil, prices of most commodities are dipping—a good news for India which is a net importer of commodities

06 July 2022

As Recession Fear Grips US Economy, India Unlikely To Escape Headwinds

Since January, India’s currency has been weakening fast. Rupee has depreciated to 78.17 against the US dollar from 74.25 in January

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16 June 2022
Explained: Just How High Is The Risk Of Another Recession

Explained: Just How High Is The Risk Of Another Recession

On Wednesday, the Fed stepped up its drive to tame inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three...


23 May 2022
Biden: Recession not inevitable, pain to last 'some time'

Biden: Recession not inevitable, pain to last 'some time'

President Joe Biden says he does not believe a economic recession in the U.S. is inevitable despite record high inflation and supply shortages partly caused by...


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