by pallanus | Jun 9, 2020 | Business News
The US economy ended its longest expansion in history in February and entered recession as a result of the coronavirus pandemic, the private economics research group that acts as the arbiter for determining US business cycles said on Monday. The Business Cycle Dating...
by pallanus | Jun 8, 2020 | Business News
India’s economy will shrink by 3.2 per cent in the current fiscal, the World Bank said on Monday as it joined a chorus of international agencies that are forecasting a contraction in growth rate due to the coronavirus lockdown halting economic activity. The...
by pallanus | Jun 1, 2020 | Business News
Indian shares ended up over 2% on Monday in a broad-based rally, gaining for a fourth straight session, as optimism around imminent reopening of Asia’s third largest economy after a months-long coronavirus lockdown boosted investor sentiment. The NSE Nifty 50...
by pallanus | May 29, 2020 | Business News
The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago. People waiting to receive free food at an industrial area in Delhi, on April 23, 2020. (Photo:...
by pallanus | May 27, 2020 | Business News
SBI Research, however, predicts a sharp rebound in Gross Domestic Product (GDP) in the second quarter of the year, but only if the demand equation improves. SBI Research said that economic situation will bounce back in the second quarter only if demand increases....
