Global Economic Crisis

These Key Risks Could Make 2021 The Toughest Year For Global Banks

Business | Edited by Nikita Prasad | Tuesday November 17, 2020

Economic disruption due to COVID-19, weakening in property rates, short term supports, and surge in corporate insolvencies could make 2021 the toughest year for global banks

IMF Chief Warns Global Economic Crisis "Far From Over"

World News | Agence France-Presse | Thursday September 10, 2020

The global economy is showing signs of bouncing back from the severe downturn caused by the global coronavirus pandemic, but a full recovery is "unlikely" without a vaccine, IMF chief Kristalina Georgieva said Wednesday.

'I Do What I Do': A Look Back At Raghuram Rajan's Term As RBI Governor

Business | Press Trust of India | Sunday September 4, 2016

As Mint Street readies for the new Reserve Bank of India governor, Raghuram Rajan's three-year tenure marked with numerous controversies ended on September 4.

Gold Demand May Pick Up In Second Half Of 2016: Experts

Business | Press Trust of India | Wednesday August 17, 2016

Global economic crisis will continue to drive the demand for gold and silver worldwide, with appetite for the yellow metal likely to pick up in India in the second half of 2016 on the back of festive season and Pay Commission award, industry experts said.

India Only Economy Not Affected By Global Economic Crisis, Says PM Modi

India News | Press Trust of India | Sunday February 14, 2016

India is the only economy which has not been affected by the global economic crisis which has affected the world, primarily due to the policies being implemented by the government, Prime Minister Narendra Modi said today.

UK proud of Indian investment in Jaguar Land Rover: Cameron

Business | Friday January 24, 2014

Tata Motors during the throes of the global economic crisis in 2008 had acquired JLR and since then the fortunes of the iconic British automaker has turned around. Tata Motors had bought JLR from Ford Motor for $2.5 billion and poured in significant capital to revive the ailing luxury carmaker.

After dismal 2013, economists hope next year will be better

Business | Monday November 25, 2013

A lively debate over whether developed economies face a 'permanent slump' has sprung up since former U.S. Treasury Secretary Larry Summers argued recently that deeply negative inflation-adjusted interest rates may be needed in a world facing 'secular stagnation'.

Raghuram Rajan urges regulators to 'lean into the wind'

Business | Wednesday November 13, 2013

India's new central bank governor, Raghuram Rajan, called on Tuesday for regulators to exert greater caution when faced with the potentially inflammatory mix of asset price inflation and easy credit.

Global economic crisis not yet over: G20

Business | Friday September 6, 2013

The Group of 20 will say in its summit communique that the global economy is improving but it is too early to declare an end to crisis, a Russian official involved in its drafting told Reuters on Friday.

Global economy can bounce back: Chidambaram

Business | Sunday April 21, 2013

World economy can bounce back if the advanced economies remove policy uncertainties, Finance Minister P Chidambaram said today, maintaining that the Indian economy has been impacted by the global growth slowdown.

Davos 2013: World markets calmer but risks remain, top bankers say

Business | Wednesday January 23, 2013

Global markets have calmed significantly in the past year, but the world economy is not out of the woods yet, a panel of top officials and bankers said Wednesday as the World Economic Forum opened.

Even without US 'fiscal cliff,' world economy teeters

Business | Monday December 3, 2012

Among rich nations, the U.S. outlook remains the least troublesome. But given a recession in the euro zone and a recent contraction in Japan, that's not saying a lot. At the same time, many emerging markets are hurting. India is likely to log its weakest growth in a decade this year and Brazil's economy is also sputtering. Luckily, growth in China ...

Global economic crisis will last 10 years, says IMF

Business | Thursday October 4, 2012

The world economic crisis could take 10 years to run its course, the IMF's chief economist Olivier Blanchard told Hungarian business news site Portfolio.hu in an interview published on Wednesday.

Google shares hit record high, find favor on Street

Business | Monday September 24, 2012

The stock reached $748.90 in afternoon trading, inching past a previous record set in November 2007 of $747.24. It traded below $300 in 2009 during the global economic crisis and remained under pressure in the ensuing years as investors worried that Google's best years were behind it.

FDI flows to China slow down for third month in August

Business | Wednesday September 19, 2012

Foreign direct investment (FDI) into China fell for the third consecutive month in August due to continuing global economic crisis, Chinese Commerce Ministry said today.