If layoffs accelerate in the next few months, a recession “will be underway”, the report said…reports Asian Lite News A recession in 2023 appears inevitable and layoffs in tech and finance will
Social media company ShareChat (Mohalla Tech Pvt Ltd) laid off 20 per cent of its workforce due to uncertain market conditions…reports Asian Lite News As layoffs continue to deepen amid recession fears,
The grim outlook for the year ahead puts the UK far behind its counterparts in the G7 group and the only country expected by the IMF to suffer a year of declining
World Economic Forum survey predicts Middle East and North Africa (MENA) and South Asia as the two strongest regions in 2023…reports Asian Lite News About two-thirds of private and public sector chief
The global economy is projected to grow by 1.7 per cent in 2023 and 2.7 oer cent in 2024…reports Asian Lite News Global growth is slowing sharply in the face of elevated
Georgieva said that the world faces a tougher 2023 as the three big economies – the United States, the European Union and China – are all slowing down simultaneously…reports Asian Lite News
Unemployment is expected to grow to 7.8 per cent in 2023 and 8.2 per cent in 2024. Both figures are higher than in the previous forecast…reports Asian Lite News Sweden will enter
UK’s manufacturing sector shrank by more than 4% this year, a survey found, with predictions of another sharp decline in 2023…reports Asian Lite News UK’s manufacturing sector shrank by more than 4%
The forecast projects real GDP growth in both the EU and euro area at 0.3 per cent — well below the 1.5 per cent and 1.4 per cent expected in the previous
IMF chief Kristalina Georgieva highlighted “significant downside risks” this year and especially in 2023, reports Asian Lite News International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that there is “a narrowing