Recession
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World News
Following Japan, UK falls into recession with output contraction surpassing forecasts
As the GDP contracts and inflation slows, all eyes turn to the Central Bank for stimulus measures
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Technology News
40% of employment worldwide might be impacted by AI, IMF chief says ‘tough year ahead’
The global economy might benefit from an AI-related productivity increase, as the IMF believes it will continue to expand at…
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World News
Netherlands faces ‘technical recession’ amidst economic challenges
Dutch GDP shrinks by -0.3% in Q2 2023, marking a second consecutive contraction, led by declining international trade and household…
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Economy
New Zealand slips into recession after interest rates hike
The country sees highest interest rates since 2008.
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Economy
Recession hits Eurozone as cost of living crisis increases
The eurozone slipped into recession in the first three months of 2023, after official figures showed the bloc’s economy shrank…
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World News
World’s fourth largest economy, Germany enters recession
Germany's GDP fell by 0.3% in the first quarter of 2022, marking the country's second successive quarter of contraction and…
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Economy
India and China will account for half of global economic growth this year: IMF
This year will see the slowest world economy in the past 3 decades and world economy is expected to grow…
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Economy
Steepest slowdown since 1970: ‘World could face the worst recession in 2023,’ warns World Bank
From US to Europe and Asia, several indicators of global recession are already "flashing signs” and the global economy is…
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Economy
India Exits Recession: 0.4% GDP growth recorded in Q3 of FY 20-21, RBI projects 10.4% growth in next Fiscal Year
This marks India's exit from the period of technical recession after it became one of the few major economies to…
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Economy
Indian GDP shows record recovery from -23.9% in Q1 to -7.5% in Q2, but country enters recession
The GDP decline was primarily because of the intensity of the lockdown. India's economic performance now on is linked to…
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