Recession

Bank of America to cut 4,000 jobs amid recession worry – Executives

Bank of America wants to lay off some 4,000 workers by June, despite sterling first quarter profits, as recession worries grip Wall Street, company executives said in a quarterly earnings call.

Indian Service Sector: Job cuts and anxious future to prevail

Indian economy likely to recover faster than projected

South Africa’s GDP plunges 51% in second quarter as COVID-19 ravages economy

South Africa's economic output contracted by 51% in the second quarter of 2020.

First RECESSION in 30 years as Australian GDP falls by most on record

Australian GDP plunged 7% in the June quarter, more than 3 times the previous biggest fall of 2% in 1974.