Economic crisis: Is the future bleak?

Last Updated: Sunday, September 6, 2015, 18:26

As economic crisis in the developed economies continues, the best that is on offer is a slow recovery; the high growth rates of 1992-2007 are not likely to return anytime soon, says a new book.

Indian IT firms to see marginal impact of Greek crisis: BofA

Last Updated: Wednesday, July 1, 2015, 13:18

Large IT companies in India are likely to see a marginal 1-2 percent earnings impact from the economic crisis in Greece due to their exposure to Europe, while their direct revenue exposure to Greece is "practically zero", a research report said today.

Greek crisis to hit Indian exports, trigger capital outflows

Last Updated: Monday, June 29, 2015, 18:37

With Greece witnessing a full- blown economic crisis, India's software and engineering exports may take a hit and the country may also face larger capital outflows due to a weaker euro, industry and government officials warned on Monday.

OECD calls US dip a blip, but chops world growth forecast

Last Updated: Wednesday, June 3, 2015, 15:29

It predicted the world economy would grow at a rate of 3.1 percent this year, down from the 4.0 percent increase it projected in March.

Russia to pay record $800 million to savers in collapsed bank

Last Updated: Friday, May 22, 2015, 18:35

Depositors in a Russian bank that collapsed due to the economic crisis will receive a record insurance payout of nearly 40 billion rubles (USD 800 million), an official said Friday.

Spain has not exited economic crisis: EU chief

Last Updated: Wednesday, March 4, 2015, 17:55

Spain can not say it has left behind its economic crisis until the sky-high unemployment rate returns to "normal levels", EU chief Jean-Claude Juncker said in an interview published Wednesday.

Slow growth in global trade, says World Bank

Last Updated: Thursday, January 8, 2015, 08:49

In the aftermath of the economic crisis, there has been slow growth in global trade, the World Bank has said.

Spanish economy shows signs of getting back on track

Last Updated: Wednesday, January 7, 2015, 09:34

The number of people registered as unemployed in 2014 dipped by 253,627 to 4.45 million, the labour ministry said this week.

Bleak 2015 for Spaniards still engulfed by economic crisis

Last Updated: Sunday, January 4, 2015, 10:44

Behind the iron door of a ground floor flat in Madrid`s working-class suburb of Vallecas around 30 people have gathered as Veronica Hidalgo announces she will be evicted from her home in 2015.

Kerry praises Greece for tough economic choices

Last Updated: Saturday, January 18, 2014, 04:17

US Secretary of State John Kerry praised the Greek government Friday for making "tough choices" to resolve the country`s economic crisis and said he believed the situation was improving.

Pope urges social `fraternity` after economic crisis

Last Updated: Thursday, December 12, 2013, 22:03

Pope Francis today urged governments around the world to show more solidarity and strive for equality following a period of economic crisis, a day after being declared "Person of the Year" by Time magazine.