Global jobs market set to deteriorate amid Ukraine war shocks: ILO

New York: The outlook for global labour markets has worsened in recent months and if current trends continue, vacancies will grow more scarce while global jobs growth will deteriorate significantly during the rest of the year, according to a new report by the International Labour Organization (ILO).

UK: Recession risk rises as economy shrinks in August

London: Recession fear looms large over the UK as the country's economy shrank in August, media reports said.

Policy mistakes could trigger worse recession than 2007 crisis: UNCTAD

New York: The world is headed towards a global recession and prolonged stagnation unless fiscal and monetary policies holding sway in some advanced economies are quickly changed, according to a new report released on Monday by the UN Conference on Trade and Development (UNCTAD).

IMF: ‘Less severe’ but ‘still deep’ recession predicted

New York: In the shadow of the COVID-19 pandemic and its continuing impact, the global economy could see a “somewhat less severe, though still deep” recession through 2020, the International Monetary Fund (IMF) has projected in its latest global economic outlook.

Protect the world from sliding into global recession, urges UN chief

New York: The economic and social consequences of the COVID-19 pandemic “are as bad as we feared”, the UN Secretary-General said, as he warned that the international community must act now if it is stave off a global recession, which could wipe out decades of development gains.

Global economy has clearly entered recession: IMF chief

Washington/IBNS:  International Monetary Fund chief Kristalina Georgieva on Friday said the growing COVID 19 outbreak across the globe has led the world to enter the state of financial recession.