Pandemic, Recession: The Global Economy in Crisis Global Outlook: Pandemic, Recession: The Global Economy in Crisis. The COVID-19 pandemic has, with alarming speed, delivered a global economic shock of enormous magnitude,leading to steep recessions in many countries.The baseline forecast envisions a 5.2 percent contraction in global GDP in 2020—the deepest global recession in eight decades,

Gold Price Futures (GC) Technical Analysis – Strengthens Over $1754.30, Weakens Under $1744.10

Gold futures jumped late in the session on Friday even after U.S. equity investors breathed a sigh of relief after President Donald Trump signaled no changes to the trade deal with China despite rising tensions. During a much-awaited news conference, Trump said he would take action to eliminate special treatment towards Hong Kong. However, he

Expression of Interest (EoI’s) for sale of Anil Ambani companies (Trouble mounts for ADAG)

Lenders of Reliance Naval and Engineering Ltd have sought expressions of interest (EoIs) from buyers to acquire the bankrupt shipbuilder under the insolvency and bankruptcy code. The second Anil Ambani-controlled Reliance Group firm to go for insolvency after Reliance Communications Ltd, Reliance Naval now admitted for insolvency proceedings on 15 January by the Ahmedabad bench

India has less fiscal room to support economy; rise in DEBT- GDP ratio to weaken credit profile

The 'Fitch Ratings Agency' an independent and renowned rating agency in the World published a report for India's DEBT - GDP ratio for financial years 2020 and 2021. The Indian government has less fiscal room to support the economy compared to many of its peers and the country's credit profile would weaken if a wider fiscal deficit
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