Photo: India Today
Germany Economy Falls By 0.1% In Q3, Heading To Recession?
Germany officials released data of the downfall in the nation's economy, as the GDF is down by 0.1% in the last three months. As per the experts of economics, Germany is expected to fall into recession. While there are several reasons behind the fall, the one major cause is the lowering urge of youngsters, spending money, along with causes like Ukraine-Russia war affect and lapse in construction, automobile Industry.
Tags: Economy, Germany, Quarter 3, Recession, Economic Experts
Courtesy: Reuters
Photo: India Today
US To Witness Recession, Indian Growth Likely To Be Impacted, Says Expert
The United States may see a deep recession soon, and such a scenario would impact not only India's services sector, which is a key component of the country's GDP but also bring about a lot of volatility in the bond and equity markets, a top economist has said. Neelkanth Mishra, Chief Economist for Axis Bank said the United States was expected to enter a recession.
Tags: US Market, INDIAN MARKET, Recession, Financial Growth, Business Experts
Courtesy: NDTV
Photo: The Indian Express
Crude Oil Prices Reduces Drastically Amid Recession Fear
Amid the fear of recession, crude oil prices reduced globally, on June 21. The decline in prices came after the fear of tightening monetary policy by central banks. With this fall in prices, the crude oil prices are currently trading at $110, compared to the previous $123. Another reason for this decline is the lockdown imposed in many parts of the world, leading to ramp-up production.
Tags: Global Crude Oil, INDIAN MARKET, Recession, WTI, Lockdowns
Courtesy: ANI
