recession
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Business
UK economy closes in on recession
LONDON: Britain’s economy shrank in the second quarter, official data showed Friday, as the country heads towards recession under a…
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Euro hits 20-year low against dollar on recession risk
LONDON: The euro on Tuesday slumped to its lowest level since 2002 and European stock markets sank as growing recession…
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Hong Kong ends longest recession in decades
HONG KONG: Hong Kong’s economy jumped back into growth in the first quarter of the year, official figures showed yesterday,…
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Eurozone enters recession but better days ahead
BRUSSELS: The eurozone economy fell into a second recession in less than a year in the first quarter, data showed…
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$59m Hong Kong flat sale sets new Asia record
HONG KONG: Hong Kong may be in its worst recession in years but its luxury property market is still thriving…
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Business
Saudi to host online G20 summit amid pandemic, recession
RIYADH: Saudi Finance Minister Mohammed Al-Jadaan (right) addresses a G20 meeting in this file photo. Saudi Arabia hosts the G20…
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Japan exits recession as GDP grows 5.0%
TOKYO: People walk on a pedestrian crossing in Tokyo yesterday as government data showed Japan’s economy exited recession in the…
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Business
Indonesia tumbles into first recession for two decades
JAKARTA: Light traffic moving along a main road in central Jakarta after months of the government’s policy implementing work from…
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IMF warns of long climb out of recession
IMF chief economist Gita Gopinath warned more government support will be needed for countries to weather the worst crisis since…
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Business
South Asia faces worst ever recession: WB
TEHRAN: Iranians check a display board at a currency exchange shop in the capital Tehran. World Bank yesterday the coronavirus…
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Business
Perpetual US recession or recovery in a year?
NEW YORK: People enjoy outdoor dining amid the coronavirus disease (COVID-19) outbreak in Manhattan, New York City. — Reuters WASHINGTON:…
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Business
US consumer confidence at 6-year low; concerns about recovery rise
Real estate signs advertise new homes for sale in multiple new developments in York County, South Carolina. – Reuters WASHINGTON:…
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