Global Recession: The strategy of countries around the world to control inflation by stopping the growth rate seems to be overshadowed, because inflation is not decreasing and on the contrary, the growth rate is also stopping. This has raised concerns about a recession. US Federal Reserve Bank Chairman Jerome Powell said only last week that by this tradition, we are not going towards recession.
A Moody's report on Tuesday said that many countries have gone into recession and if not, they are likely to go into recession by 2023. According to a Moody's Analytics report, the economic environment is more fragile and higher inflation in the US and Europe is contributing more to it. Therefore, as the growth rate declines further, inflation can be seen to increase. This may cause further trouble later on.
Other currencies weaken due to the strength of the dollar
According to the report, the strong dollar has brought down the prices of all the currencies of the world. At the same time, GDP is also declining. It said the global economy could grow at 2.7 percent in 2022, while it could further decline to 2.3 percent in 2023. Even more signs of recession are visible.
Unemployment is rising along with inflation
Moody's said that unemployment is increasing rapidly along with inflation all over the world. Due to this, there is a continuous decline in economic growth, which may increase further in the coming times. Although there are some countries where there is a recession, it will take time to show it. Business activities have come to a halt and through this also an attempt is being made to stop the slowdown.
Russia is worse than the Ukraine war
According to Moody, supplies were directly affected by the Russia-Ukraine war that began in February. This affected the prices of commodities. In China, the real estate market has completely collapsed and people are boycotting it here. Along with the world's major economies China, America, Britain, and Japan, India is also not expected to survive this recession.
The world's growth rate may remain at 2.2% in 2023: OECD
The OECD has said in the report that global growth has stalled in the second quarter. Due to this, the figures of many economies can come down sluggish. The organization has lowered its 2023 growth forecast for the global economy to 2.2% from 2.8% in June. OECD Interim Chief Economist Alvaro Pereira said risks have increased in a few months. In the group 20 countries, the growth rate of the economies of the rest of the countries except Turkey, Indonesia, and the UK has been cut.
Iran's attack on Kurdish areas of Iraq amidst fierce movement against Hijab, targeted with missiles and drones
In Iran, the protests continued after the death of Kurdish girl Mahsa Amini in police custody for not wearing a hijab. The Iranian government has come under pressure due to fierce protests by
Covid-19: 760 new cases reported in 24 hours, Covid Task Force issues guidelines for infected people
The new variant of Corona, JN.1, is being reported to be increasing in many countries of the world including India. According to media reports, in many other countries including China, crowding in
Father Shakti Kapoor danced to Shraddha Kapoor's song: Actress shared the video and said - Bapu thumka laga rahe ho
Ranbir Kapoor and Shraddha Kapoor's film 'Tu Jhoothi Main Makkar' is going to release soon. In such a situation, both the stars are promoting the movie in full swing. Meanwhile, the film's new track
The faster the development was seen, the faster the devastation: Business stalled due to change of capital; The sales that used to happen in a day, now not even in a year
After the commencement of the work on the Amaravati capital in Andhra Pradesh, the life of the people changed as fast as the work stopped in 2019. It was being developed with the help of a Singapore
Lok Sabha Election: Voters showed enthusiasm in the celebration of democracy, with 68.29 percent voting in the first phase.
Voters participated enthusiastically in the biggest celebration of democracy not only in the country but in the world. The excitement of electing their new government was so great that
Monsoon Session: NCP-Congress gives adjournment motion in Rajya Sabha, accuses Governor of insulting Maharashtra
On the second day of the Monsoon Session of Parliament, NCP and Congress have given notices of stop work motion in Rajya Sabha today. Accusing Maharashtra Governor Bhagat Singh Koshiyari of insulting
Pak PM Shahbaz Sharif's visit to China: Talks made between the two countries regarding CPEC, the rail project connecting Karachi with Peshawar will start soon
Pakistan Prime Minister Shahbaz Sharif has arrived in China on his 2-day visit. During this, he will sign the documents of the CPEC Joint Cooperation Committee today. Under this, both countries have
Troubled by the closeness of India-US, and China: Threatened American officials – do not say anything about our relations with India
America has said in a report that China has threatened its officials. He has warned American officials not to say anything about India-China relations. According to the Pentagon report, China wants to
Gujarat Election 2022: 'There is still time...' Jadeja shared Bal Thackeray's old video
Voting for the first phase of the Gujarat elections has started today. Voting is taking place on 89 seats in this phase. At the same time, just before this, cricketer Ravindra Jadeja shared an old
UNGA 2023: 'Democracy is in danger due to foreign interference' said Canada after jaishankar's rebuke in UN
Union External Affairs Minister S Jaishankar arrived in New York on Tuesday, days after India successfully hosted the G20 summit in New Delhi. Here he addressed the 78th United Nations General
