Great Depression 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

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

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

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 | 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

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

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 | 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 | 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

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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The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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Credit cards

Till a few years ago, credit cards used to be a rich man's asset. But lifetime free offers and reduced qualifying requirements means that even students can now use them. Over the last couple of years, we have seen a steady rise in savvy usage of credit cards. What used to be restricted to petrol pumps, airline tickets, and some expensive expenditure, turned into rent payments and car purchases. In the chase for reward points, credit card usage turned into a game for many people. Of course, Mint has something for everyone. From students to HNIs, we have it all covered: the advantages, the loopholes, the risks. Read our personal finance team's coverage of credit cards:

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