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New York: The outlook for global labour markets has worsened in recent months and if current trends continue, vacancies will grow more scarce while global jobs growth will deteriorate significantly during the rest of the year, according to a new report by the International Labour Organization (ILO). more
UK: Recession risk rises as economy shrinks in August

London: Recession fear looms large over the UK as the country's economy shrank in August, media reports said.

Policy mistakes could trigger worse recession than 2007 crisis: UNCTAD

New York: The world is headed towards a global recession and prolonged stagnation unless fiscal and monetary policies holding sway in some advanced economies are quickly changed, accordin ...

Indonesia sees recession for the first time since 1998

Jakarta: One of the biggest economies in South East Asia, Indonesia has fallen into a recession after 22 years, owing to the ongoing Covid-19 pandemic.

Protect the world from sliding into global recession, urges UN chief

New York: The economic and social consequences of the COVID-19 pandemic “are as bad as we feared”, the UN Secretary-General said, as he warned that the international community ...

Amid fears of worst recession in decades, urgent calls for solidarity, a united economic front

New York: With multilateral cooperation under strain, senior UN officials, Nobel laureates and eminent academic experts, gathered virtually on Wednesday for the launch of a new report rec ...

COVID-19 to cause biggest economic contraction ever in Latin America & Caribbean

New York : The COVID-19 pandemic will herald the worst economic contraction in the history of Latin American and the Caribbean, with a projected -5.3 per cent drop in activity this year, ...

World economy is now in recession, worse than 2008 crisis: IMF

Washington:  International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Friday warned that the world economy is currently in 'recession' and it is worse than ...