Global recession News

According to the WHO, more than 1 million confirmed cases of COVID-19 have been reported, including more than 50,000 deaths.

Over 80 countries, mostly of low incomes, have already have requested emergency aid from the International Monetary Fund, the IMF chief said.

The global economy is already in a recession as the hit to economic activity from the coronavirus pandemic has become more widespread, according to economists polled by Reuters amid a raft of central bank stimulus actions this week.

The coronavirus itself could weaken the economy. The pandemic disease is worst till now that claimed almost 7,000 lives worldwide. Market experts, on the other hand, have different fear that could be the worst nightmare till now 'The global recession'. Coronavirus is spreading dramatically, shuts industries down, large MNC's and factories are barely working due Coronavirus fear.

Since the Fed began raising rates in 2015, the difference between long- and short-term US yields has shrunk to levels not seen since before the 2008 financial crisis, reaching 67 basis points -- its flattest in a decade -- in the past week.

The prolonged decline in oil prices and weaker expansion in Chinese economy have dimmed growth prospects of several economies, but it does not signal a threat of global recession, Moody's Investors Service said on Tuesday.

Japanese stocks again dropped Wednesday to their lowest level since late 2014, as fears of a global recession hammered investor confidence ahead of testimony by the head of the US central bank.

But, the real crunch (read global recession) will be from January 9, 2016 onwards...

The plunge in Global Markets is just a beginning towards Global Recession

Declaring victory over vicious recession, US President Barack Obama today said the shadow of crisis has passed and the world's largest economy has turned the page on years of costly wars as he pledged economic policies to help the middle class and target the wealthy.