Great Depression News

News

World experiencing one of the deepest recessions since Great Depression due to Covid-19: World Bank

World Bank President David Malpass termed the Covid-19 pandemic a ’catastrophic event’ for many developing countriesHe told that given the extent of the economic contraction, there was a rising risk of disruptive debt crises in countries

4 min read15 Oct 2020
News

IMF sees shallower recession, tough path back to full recovery

IMF forecasts world gross domestic product to shrink 4.4% this year, compared with the 5.2% drop seen in June, according to the latest World Economic Outlook

3 min read13 Oct 2020
Market

Wall Street selloff worsens on Mnuchin move, Washington drama

The high-growth technology and healthcare sectors continued to lead the retreat, dropping 1.5% and 1.7%, respectively

3 min read25 Dec 2018
Politics

Investors underestimating risk of a financial shock, warns IMF

Asset valuations relatively high in some markets, market participants complacent about the risk of a sharp tightening of financial conditions: IMF

3 min read10 Oct 2018
Opinion

Opinion | Rise of populism is lasting legacy of Lehman crisis

It would be hard to deny that globalization, in the form of both unfettered capital flows and of relatively free trade, has contributed to the changing income distribution in the US and other advanced economies

3 min read14 Sep 2018
Industry

Learning from Lehman, we’ve reinflated the bubble

The global economy appears structured to lurch from crisis to crisis, with bubbles in between

10 min read17 Sep 2018
Mint-lounge

From Wall Street to the whole wide world

To mark the 10th anniversary of the 2008 financial crisis, we pick 20 books that look at it through the lens of history, economics, politics and society

5 min read7 Sep 2018
Opinion

Opinion | The ‘how’ and ‘why’ of the Venezuelan crisis

The Oxford English Dictionary defines ’evil’ as ’doing or intending to do harm’. Ultimately, there is no other plausible explanation for what has happened in Venezuela

4 min read13 Aug 2018
Opinion

Opinion | Banks aren’t as safe as they think they are

Measures taken to prevent another financial crisis may just be adding new risks that will become clear in a real downturn

4 min read13 Aug 2018
Companies

Great Depression did not, but Trump’s tariffs might kill this firm

Brinly-Hardy, which makes residential and commercial lawn and turf equipment for Home Depot Inc. and other stores, saw its raw material costs jump by as much as 37% because of Trump’s metal tariffs imposed in March

1 min read25 Jul 2018
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