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FILE: India entered a "technical recession" last year for the first time since gaining independence in 1947 after registering two successive quarters of contraction. The government now estimates annual GDP will fall 8% in 2020-21. Picture: Google.

Recession

India exits recession with 0.4% quarterly growth

By AFP

The country has struggled to claw back lost ground after a stringent, months-long lockdown caused the labour market to collapse and the economy to contract by...

  • Picture: Pexels.

    SA can emerge from recession, COVID-19 crisis, says economist

    The president will spell out government's economic recovery plan in Parliament on Thursday afternoon.

    581 days ago
  • Wall Street sign near the New York Stock Exchange building in New York. Picture: AFP.

    IMF warns of lasting economic damage, long climb out of recession

    Growth in 2021 is expected to be slightly slower than forecast in June and even weaker in the next few years due to the lasting damage inflicted by COVID-19.

    583 days ago
  • © petertt/123rf.com

    Once-booming Franschhoek is on its knees: 'People are not eating!'

    Waiters, chefs and restaurant owners in Franschhoek and elsewhere are protesting under the banner #JobsSaveLives.

    666 days ago
  • FILE: Statistician-General Risenga Maluleke. Picture: GCIS

    Maluleke: Global effects of COVID-19 were already being felt in Q1

    The second-quarter results are expected to paint an even bleaker picture of the impact of the national lockdown, which forced businesses to shut down, halting economic activity for over two months.

    688 days ago
  • FILE: The risk professionals agree the COVID-19 pandemic and the world's response to it represent a historic event that will change the world in the long term. Picture: Pexesl.

    Global risk managers expect prolonged global recession due to COVID-19

    The World Economic Forum published a report on Tuesday based on the views of 350 of the globe's top risk professionals.

    730 days ago
  • A man wearing a face mask amid concerns over the spread of the COVID-19 coronavirus crosses the Shibuya crossing in Tokyo on 17 May 2020. Picture: AFP

    Japan slips into recession, worst yet to come as pandemic wreaks havoc

    The coronavirus, which first emerged in China late last year, has ravaged the global economy as many nations went into strict lockdowns to curb the outbreak that has so far killed over 310,000 people worldwide.

    731 days ago
  • Picture: pixabay.com

    Rand tumbles as IMF stokes recession fears

    The currency was 2% weaker at 18.6770 per dollar by 1500 GMT, straying back into bear market territory as investors were spooked by a dire global growth outlook from the International Monetary Fund (IMF).

    764 days ago
  • Picture: www.dominos.com

    Taste Holdings to liquidate food business amid recession

    Taste’s move to liquidate the business comes after South Africa entered its second recession in two years in the final quarter of last year.

    794 days ago
  • 200304recessiongif

    CARTOON: So Much for the New Dawn

    Dr Jack & Curtis.

    806 days ago
  • Farming. Picture: AFP.

    Declines in transport, agri sectors contributed to economic slowdown - Stats SA

    It said the country's economy slipped into a technical recession in the fourth quarter of last year, recording a 1.4% contraction.

    807 days ago
  • Picture: Pexels.

    Brazil avoids recession with second quarter growth: official

    The surprising result comes after recent efforts to revive Latin America's biggest economy as it teetered on the edge of another recession.

    994 days ago
  • Picture: sxc.hu

    Fears raised over looming global recession

    The UK economy shrunk in the second quarter. Data published on Wednesday reveals Germany's economy contracted in the three months to June.

    1008 days ago
  • President Cyril Ramaphosa receiving a courtesy call from IMF managing director Christine Lagarde as part of her Africa trip on 19 December 2018. Picture: GCIS

    Lagarde: 'Ramaphosa right man to lead SA to prosperity'

    The International Monetary Fund (IMF) Managing Director Christine Lagarde has warned that the biggest risks facing South Africa’s economy are complacency and high expectations and slow service delivery.

    1246 days ago
  • Picture: EWN.

    Stats SA: Growth in agriculture sector helps get SA out of recession

    Statistics South Africa (Stats SA) says gross domestic product (GDP) for the third quarter expanded by 2.2% quarter on quarter.

    1262 days ago
  • Britain’s Prime Minister Theresa May. Picture: @10DowningStreet/Twitter.

    Economists warn UK may be hit by recession in Brexit deal

    There has been a sharp decline in the value of the pound with the rand strengthening to 17.97 to sterling on Friday.

    1278 days ago
  • FILE: Nhlanhla Nene. Picture: GCIS.

    Nene: Half of SA's stimulus plan to come from spending shift

    The government has said it would also launch a R400 billion “medium-term” infrastructure fund, that would be spent over three years, Finance Minister Nhlanhla Nene noted.

    1330 days ago
  • President Cyril Ramaphosa unveils an economic stimulus package at the Union Buildings in Pretoria on 21 September 2018. Picture: @PresidencyZA/Twitter

    'R400bn fund to transform infrastructure projects'

    The president announced government’s eagerly awaited economic stimulus package at a briefing in Pretoria on Friday.

    1336 days ago
  • President Cyril Ramaphosa. Picture: GCIS.

    Ramaphosa details economic stimulus package to revive economy

    President Cyril Ramaphosa says the package contains five measures to stimulate the economy.

    1336 days ago
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