SINGAPORE: Singapore is heading towards its worst-ever recession in nearly two decades as the economy continues to feel severe strain from the COVID-19 pandemic, which has infected 32,343 people in the country, officials said on Tuesday. The gross domestic product (GDP) of Singapore is expected to shrink between 4 and 7 per cent this year, […]Read More
Tags : "Global recession"
NEW DELHI: Gold and silver continued their ascent on Wednesday as Covid-19 patient count continued to surge rapidly deepening the worries of investors on Dalal Street who rushed to safe havens. India has reported 1.06 lakh cases by now with over 3,300 deaths. Investors have been largely unimpressed by the stimulus measures announced by the […]Read More
Tata Consultancy Services chief govt Rajesh Gopinathan mentioned how the deal panorama is shaping up for the IT providers supplier and the underlying assumptions that present confidence for a recovery following the Covid-19 virus outbreak, in an unique interplay with ET’s Anandi Chandrasekhar and Raghu Krishnan. Edited Excerpts: You appear to be extra optimistic than […]Read More
Do not celebrate the crash in oil prices. It is a consequence of the growing coronavirus disaster that threatens a deep global recession. In every recession, commodity prices fall. But that indicates coming pain more than gain. Fiscal and monetary policy that used to tackle most recessions may not work this time — the coronavirus […]Read More