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In its annual report for 2018-19, the Reserve Bank of India (RBI) has stated that the lack of domestic demand is holding back the animal spirits in the economy and emphasized the need to revive consumption demand and private investment during 2019-20. The report claimed that the economy is undergoing a cyclical slowdown rather than ..
The Australian Council of Trade Union says that low wages has led to many Australians taking multiple jobs. The secondary jobs are acquired in healthcare, education and social assistance. The reason behind the situation is low wages in their primary jobs. Another major reason is the increase in casual part time insecure works. Economists call ..
The yield curve inversion brought down the share prices. When the long term interest rates fall below short term interest rates the yield curve inversion occurs. It is one of the predictors of recession. However, experts say that one day yield curve recession cannot decide on the recession. The professionals say that the trade war ..
The latest report of Moody’s Investors Service has cut India’s GDP growth forecast to 7.3% in 2018 from the previous estimate of 7.5% due to higher oil prices and tighter financial conditions. However, Moody’s maintained its 2019 growth forecast at 7.5%. The report “Global Macro Outlook: 2018-19” stated that the Indian economy is in cyclical ..
The UK economy has returned to recession, after shrinking by 0.2% in the first 3 months of 2012. The Office of National Statistics held that a sharp fall in construction O/P was behind the surprise contraction. The UK economy shrank by 0.3% in the fourth quarter of 2011. The UK economy was last in recession ..