South Korea's central bank says the country's economy shrank for the first time in 22 years in 2020 as the coronavirus pandemic destroyed service industry jobs and depressed consumer spending.
Canada's gross domestic product shrank 5.4 per cent in 2020, the worst year for the country's economy since record keeping began in 1961, according to authorities.
He said that although the government's endeavour is to promote the private sector, public sector presence in banking and insurance is also required.
The pandemic is terrible. It can also be tedious. And that tedium is shaping what people buy and how productive they are.
Asserting that the US ought to counteract the influence of Chinese authoritarianism early and often, a top American think tank on Thursday said that one relatively low-cost way is to encourage India...
A speedy economic recovery is underway on the back of higher job creation, strong stock market, healthy GST collections and elevated manufacturing PMI levels in January, said industry body PHD Chamber...
As the economy emerges out of the pandemic-induced slowdown, a report by the Department of Economic Affairs (DEA) has said that the outlook for growth and inflation of the country in the upcoming...
Indian economy is witnessing a V-shaped recovery after challenges posed by COVID-19 pandemic, Minister of State for Finance Anurag Thakur said.
The lockdown to check the spread of the virus adversely impacted the economic activities resulting in a contraction in the economy by an estimated 7.7 per cent.
The need of the hour is to promote strong domestic investment in skilling, building know-how in workforce, and nurturing a tradition of industrial R&D