Gulf Times - recession
Indonesia tumbles into first recession for two decades

Indonesia tumbles into first recession for two decades

Indonesia's virus-hit economy contracted in the third quarter, plunging it into its first recession since the archipelago was mired in the Asian financial crisis more than 20 years ago.

ECB to signal more stimulus as second-wave recession fears grow

ECB to signal more stimulus as second-wave recession fears grow

The European Central Bank is expected to resist pressure to unveil fresh stimulus measures on Thursday but it is likely to pave the way for action in December as fresh curbs to contain the coronavirus pandemic fuel ...

Australia heading for recession after economy contracts

Australia heading for recession after economy contracts

Australia is heading for its first recession in nearly three decades after the economy shrunk in the January-March quarter, with a ‘far more severe’ reading expected in the next three months as the effects of the virus shutdown bite.

US, UK launch post-Brexit video trade talks amid coronavirus recession

US, UK launch post-Brexit video trade talks amid coronavirus recession

The United States and Britain launch trade negotiations by videoconference on Tuesday following the UK's exit from the European Union, as both allies struggle with the effects of the coronavirus ...

Hungary prepares $30 billion coronavirus package to jump-start economy

Hungary prepares $30 billion coronavirus package to jump-start economy

Hungary is preparing to announce a roughly $30 billion package of measures to help jump-start the economy, a top government official said on Saturday,

Is the global economy heading towards a recession?

Is the global economy heading towards a recession?

The novel coronavirus and its impact on global economic growth, including emerging economies and the fall in oil prices sent the global capital markets crashing last week.

Hong Kong enters recession as street protests erupt in flames

Hong Kong enters recession as street protests erupt in flames

Hong Kong has fallen into recession, hit by five months of anti-government protests that erupted in flames at the weekend, and is unlikely to achieve any growth this year, the city's Financial Secretary said.

Oil drops as recession risks mount with trade war tariffs

Oil drops as recession risks mount with trade war tariffs

Oil prices fell on Monday, pushing US crude to the lowest in more than two weeks, as an intensifying trade war between the US and China undermined confidence in global economic growth.

Qatar non-oil economy to see moderate growth: NBK

Qatar non-oil economy to see moderate growth: NBK

The country's non-oil economy looks set to comfortably avoid a recession as the “initial shock” to the system via disrupted trade and financial flows has eased.

Nigerians take to streets to protest economic policy

Nigerians take to streets to protest economic policy

Hundreds of Nigerians took to the streets in Lagos on Monday to protest against the government's handling of the country's economic crisis and demand solutions to a crippling recession.

Rich countries may take lead in recession-proof debt project

Rich countries may take lead in recession-proof debt project

Some of the world's most advanced economies may club together to sell growth-linked bonds, creating a market that could help avert future debt crises, sources familiar with discussions ...

International concern mounts over Venezuela crisis

International concern mounts over Venezuela crisis

International concerns are mounting over the economic and political crisis in Venezuela, where the military on Saturday was holding a second day of exercises ordered by embattled President Nicolas Maduro.