Economic Slowdown
- All
- News
- Videos
-
Xi Jinping Makes 1st Known Visit To Central Bank After Becoming President: Report
Chinese President Xi Jinping made his first known visit to the nation's central bank since he became president a decade ago, two sources with knowledge of the matter said, as China's economy and financial markets grapple with headwinds.
-
World Bank Downgrades East Asia's Growth Forecast Due To Slowdown In China: Report
The World Bank cited tumbling retail sales tumbling, stagnant house prices and increased household debt for China's economic mess.
-
No Evidence Suggesting Slowdown In Indian Economy: Centre
The Indian economy has carried the momentum from the past year into the current fiscal year and there has been no evidence by far that suggests a slowdown in the current financial year 2023-24, said the Department of Economic Affairs said.
-
Australia Cuts Billion Dollar Satellite Programme, Cites "Budget Repair"
Australia on Friday said it was axing a billion-dollar plan to develop a series of space satellites, as it tries to cut costs amid an economic slowdown and cost-of-living crisis.
-
How Singapore's Job Slowdown May Impact Non-Resident Indians There
Last week, Singapore reported some weak economic numbers raising fears of a recession. Annual exports fell for the eighth consecutive month while total employment expanded at a slower rate, retrenchments rose, and job vacancies shrank for the fourth
-
Imran Khan - A Cricket Star Who Ditched Playboy Image To Become Pak PM
Former Pakistan Prime Minister Imran Khan, a cricketing hero-turned-politician who was arrested on Tuesday, whipped up popular support amid decades-high inflation and a crippling economic slowdown before his ouster last year.
-
Samsung's Quarterly Profit Set to Drop 92 Percent as Chip Glut Worsens Amid Economic Slowdown
Samsung Electronics's first-quarter profit is expected to plunge 92 percent to the lowest for any quarter in 14 years, as a chip glut worsens and buyers like data centres and computer makers slow purchases amid a global economic slowdown.
-
Slowdown In Economic Growth Late Last Year Temporary: Moody's Analytics
"Our take is that the slowdown late last year will be temporary and even salutary, helping to wring some of the demand-side pressures out of the economy without stopping it wholesale," the report by Moody's Analytics said.
-
Apple Avoids Mass Layoffs Amid Ongoing Slowdown Because of Efficient Hiring During the Pandemic: Details
Apple is under less pressure to lay off workers amid the ongoing economic slowdown thanks to cautious hiring during the pandemic, compared to rivals Amazon, Microsoft, and Google that have laid off thousands of workers. While the Cupertino company has frozen hiring in some areas and is keeping a lid on spending, it hasn’t yet resorted to mass lay...
-
PayPal Will Lay Off 2,000 Employees to Cut Costs Amid Ongoing Economic Slowdown
PayPal on Tuesday said it would cut 7 percent of its workforce, or about 2,000 employees, as the digital payments firm looks to cut costs amid the ongoing economic slowdown facing the technology industry. The company joins titans like Meta, Amazon, and Microsoft that have all recently announced layoffs.
-
IMF Lifts Growth In Developing Nations To 4.0% In 2023
The International Monetary Fund on Monday raised its output growth estimate on emerging markets for this year, with projections now showing the economic slowdown
-
China's Economic Slowdown Could Have Ripple Effect Across World: Report
According to China's National Bureau of Statistics (NBS), the annual GDP growth of the country fell to 3 per cent, much below the 5.5 per cent official target in 2022 and its economic slowdown has the potential to generate ripple effects.
-
India's GDP Projected To "Remain Strong" At 5.8%, Says UN Report
India's GDP is projected to moderate to 5.8 per cent in 2023 as higher interest rates and global economic slowdown weigh on investment and exports, the United Nations said.
-
Budget 2023: India's Buzzing Economic Activity Belies Fears Of A Slowdown
Consumer spending boosted tax collection and manufacturers signaled optimism about the future, while services sector saw expansion of new businesses.
-
What Are PM, Finance Minister Hiding: Congress On Union Minister's "Recession" Remark
What are the Prime Minister and the Finance Minister hiding from the country, Congress leader Jairam Ramesh asked today after Union minister Narayan Rane indicated that India may face an economic slowdown after June.
-
Xi Jinping Makes 1st Known Visit To Central Bank After Becoming President: Report
Chinese President Xi Jinping made his first known visit to the nation's central bank since he became president a decade ago, two sources with knowledge of the matter said, as China's economy and financial markets grapple with headwinds.
-
World Bank Downgrades East Asia's Growth Forecast Due To Slowdown In China: Report
The World Bank cited tumbling retail sales tumbling, stagnant house prices and increased household debt for China's economic mess.
-
No Evidence Suggesting Slowdown In Indian Economy: Centre
The Indian economy has carried the momentum from the past year into the current fiscal year and there has been no evidence by far that suggests a slowdown in the current financial year 2023-24, said the Department of Economic Affairs said.
-
Australia Cuts Billion Dollar Satellite Programme, Cites "Budget Repair"
Australia on Friday said it was axing a billion-dollar plan to develop a series of space satellites, as it tries to cut costs amid an economic slowdown and cost-of-living crisis.
-
How Singapore's Job Slowdown May Impact Non-Resident Indians There
Last week, Singapore reported some weak economic numbers raising fears of a recession. Annual exports fell for the eighth consecutive month while total employment expanded at a slower rate, retrenchments rose, and job vacancies shrank for the fourth
-
Imran Khan - A Cricket Star Who Ditched Playboy Image To Become Pak PM
Former Pakistan Prime Minister Imran Khan, a cricketing hero-turned-politician who was arrested on Tuesday, whipped up popular support amid decades-high inflation and a crippling economic slowdown before his ouster last year.
-
Samsung's Quarterly Profit Set to Drop 92 Percent as Chip Glut Worsens Amid Economic Slowdown
Samsung Electronics's first-quarter profit is expected to plunge 92 percent to the lowest for any quarter in 14 years, as a chip glut worsens and buyers like data centres and computer makers slow purchases amid a global economic slowdown.
-
Slowdown In Economic Growth Late Last Year Temporary: Moody's Analytics
"Our take is that the slowdown late last year will be temporary and even salutary, helping to wring some of the demand-side pressures out of the economy without stopping it wholesale," the report by Moody's Analytics said.
-
Apple Avoids Mass Layoffs Amid Ongoing Slowdown Because of Efficient Hiring During the Pandemic: Details
Apple is under less pressure to lay off workers amid the ongoing economic slowdown thanks to cautious hiring during the pandemic, compared to rivals Amazon, Microsoft, and Google that have laid off thousands of workers. While the Cupertino company has frozen hiring in some areas and is keeping a lid on spending, it hasn’t yet resorted to mass lay...
-
PayPal Will Lay Off 2,000 Employees to Cut Costs Amid Ongoing Economic Slowdown
PayPal on Tuesday said it would cut 7 percent of its workforce, or about 2,000 employees, as the digital payments firm looks to cut costs amid the ongoing economic slowdown facing the technology industry. The company joins titans like Meta, Amazon, and Microsoft that have all recently announced layoffs.
-
IMF Lifts Growth In Developing Nations To 4.0% In 2023
The International Monetary Fund on Monday raised its output growth estimate on emerging markets for this year, with projections now showing the economic slowdown
-
China's Economic Slowdown Could Have Ripple Effect Across World: Report
According to China's National Bureau of Statistics (NBS), the annual GDP growth of the country fell to 3 per cent, much below the 5.5 per cent official target in 2022 and its economic slowdown has the potential to generate ripple effects.
-
India's GDP Projected To "Remain Strong" At 5.8%, Says UN Report
India's GDP is projected to moderate to 5.8 per cent in 2023 as higher interest rates and global economic slowdown weigh on investment and exports, the United Nations said.
-
Budget 2023: India's Buzzing Economic Activity Belies Fears Of A Slowdown
Consumer spending boosted tax collection and manufacturers signaled optimism about the future, while services sector saw expansion of new businesses.
-
What Are PM, Finance Minister Hiding: Congress On Union Minister's "Recession" Remark
What are the Prime Minister and the Finance Minister hiding from the country, Congress leader Jairam Ramesh asked today after Union minister Narayan Rane indicated that India may face an economic slowdown after June.
