recession


India's economy, officially in recession, claws its way back

India's economy, officially in recession, claws its way back

(ATF) India's economy officially entered a technical recession with two consecutive quarters of negative growth, but with a slower pace of contraction, is recovering faster than expected.This momentum is also expected to continue, say analysts, while some are also seeing the country returning to growth as soon as the next …

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Indonesia in its first recession in over 20 years

 Indonesia in its first recession in over 20 years

Indonesia suffered its first recession in over two decades as the Covid-19 pandemic hit consumption and business activity in Southeast Asia's largest economy, costing millions of jobs, the statistics bureau said on Thursday.Gross domestic product (GDP) shrank by a slightly more than expected 3.49% year-on-year as household consumption and investment …

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