Recession Current Affairs, GK & News
UN World Economic Situation and Prospects 2023 Report
Ukraine – Russia war is creating energy crises, increasing inflation, and causing debt issues all over the world. Amidst these conditions and climate emergencies, the United Nations Department of Economic and Social Affairs launched the “World Economic Situation and Prospects” report or simply the World Economy Report. The report says that the economic growth of ..
Month: Current Affairs - January, 2023
Category: Reports & Indexes Current Affairs
Topics: Climate change • climate emergency • digital infrastructure • Digital technology • Economic growth • economic growth rate • fiscal austerity • food insecurity • India's economic growth • Inflation • job insecurity • Recession • Russia-Ukraine war • Sustainable Development Goal • Ukraine war • UNDESA • Unemployment • World economy Report
CEBR Forecast on Indian Economy
In its annual ‘World Economic League Table’, the London-based Centre for Economics and Business Research (CEBR) predicted that India will become the third economic superpower by 2037. About the World Economic League Table The “World Economic League Table” is an annual publication of the CEBR. This report tracks the macroeconomic trends at the global and ..
Month: Current Affairs - December, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: 5 Trillion Dollar Economy • CEBR's prediction on Indian Economy • Economic Recession • Global Recession • Indian Economy • Recession • Recessions • Trends in Indian Economy
COVID-19: Fifth Recession of India
Since Independence in 1947, India has faced four recessions. According to Reserve Bank of India (RBI), the recessions occurred in 1958, 1966, 1973 and 1980. Highlights Recession is defined as the fall in economic activities of the country along with decline in sales, income and employment. India has so far seen four such negative GDP ..
Month: Current Affairs - June, 2020
Category: Economy & Banking Current Affairs - 2022
Topics: Balance of Payment crisis • Balance of Payments • Droughts • Economic growth • Energy crisis • GDP • OPEC • Recession
Federation of Indian Export Organization: Indian Exports to fall by 20%
On May 19, 2020, the Federation of Indian Export Organization reported that the Indian Exports are to fall by 20%. This according to the organization will amount to 50-60 billion USD. Highlights The FIEO, the apex body of the exporters has requested to provide additional 2% support under the MEIS (Merchandise Exported from India) scheme. ..
Month: Current Affairs - May, 2020
Category: India Nation & States Current Affairs
Topics: COVID-19 • export promotion • Export Promotion Council • exports • Federation of Indian Export Organisations • MEIS • Recession
Extraordinary G20 Trade and Investment Ministerial Meet
On March 31, 2020, the “Extraordinary G20 Trade and Investment Ministerial Virtual Meet” was held through video conferencing. The Union Commerce Minister Piyush Goyal represented India at the meet. Highlights India had called for easy movement of health professionals and enhanced access to affordable medicines across national borders. Amidst the threat of COVID-19, India is ..
Month: Current Affairs - March, 2020
Category: International / World Current Affairs
Topics: Corona virus • COVID-19 • Economic Slowdown • G-20 • International Groupings • Piyush Goyal • PM Modi • Recession • Saudi Arabia
United Nations: India and China likely to stay away from Global Recessions
The United Nations Conference on Trade and Development (UNCTAD) made a new analysis under the title “The COVID-19 Shock to Developing Countries”. Highlights The analysis says that leading exporting countries are to face drop in investments between 2 trillion USD and 3 trillion USD in the next two years. The world economy is to go ..
Month: Current Affairs - March, 2020
Category: Reports & Indexes Current Affairs
Topics: Corona virus • COVID-19 • Economic Slowdown • Recession • Revenue • Tourism • UNCTAD • United Nations