economic slowdown News

India's Corporate Revenue Growth Dips to 5% in Q3 FY25 Amidst Monsoon and Government Spending Delays

India's corporate revenue growth slowed to 5.2% in Q3 FY25, impacted by extended monsoons and delayed government spending, particularly affecting the construction sector and invest...

South Korea's Economic Outlook Dims: Employment Slump and Rising Pressures Highlighted in Latest Green Book

South Korea faces a significant employment slowdown and increased economic pressures, as highlighted in the latest Green Book. The government shifts its focus towards employment ov...

Amid Economic Slowdown, Brands Eye the Maha Kumbh Mela for a Marketing Breakthrough

With the Maha Kumbh Mela drawing millions, brands are investing heavily in innovative marketing strategies to capture consumer attention and test new products amidst an economic sl...

Economic Slowdown and Tight Auto Loans Lead to a 25% Drop in Thailand's Luxury Car Sales in 2024

Thailand's luxury car sales dropped by 25% in 2024 due to economic slowdown and stricter auto loan conditions. The decline also affected the pickup truck segment, marking the lowes...

November Sees a 5.4% Drop in German Factory Orders, Signaling Economic Slowdown

Germany's factory orders dropped by 5.4% in November, with a significant decline in foreign orders and a sharp fall in vehicle construction orders. Domestic orders saw a slight inc...

Indian Stock Market Takes a Nosedive: Sensex Plummets Over 1,200 Points Amid Economic Concerns

The Sensex dropped significantly amid concerns over an economic slowdown, triggered by weak December quarter results. Global macroeconomic challenges and domestic issues have compo...

November Sees a 0.4% Dip in US Factory Orders: A Closer Look at the Economic Slowdown

In November, US factory orders declined by 0.4%, a $2.1 billion drop to $586.1 billion, contrasting October's 0.5% rise. Durable goods orders fell by 1.2%, while shipments and unfi...

South Korea's Economy Struggles as Production Index Drops for Third Month

South Korea's production index falls for the third consecutive month due to strikes and industry sluggishness, marking the longest decline in construction investment history. Econo...

Exploring the Impact of RBI Policies on India's Economic Slowdown

The finance ministry suggests RBI's policies and structural factors may have led to India's economic slowdown, with growth at a seven-quarter low. A brighter outlook is expected in...

India Eyes Income Tax Relief for Middle Class: Up to Rs 15 Lakh Earners Could Benefit

The Indian government is considering income tax relief for individuals earning up to Rs 15 lakh annually, aiming to boost the economy and provide financial relief to the middle cla...

Bank of Korea Eyes Rate Cuts in 2025 to Combat Economic Slowdown

The Bank of Korea plans to reduce the base interest rate in 2025 to alleviate economic slowdown pressures, emphasizing financial market stability and continuing lending system refo...

India's Economy: Temporary Slowdown or Long-term Concern?

Finance Minister Nirmala Sitharaman calls the Q2 economic slowdown a 'temporary blip', assuring healthy growth ahead. She highlights government's inflation management and notes str...

Bank of Korea's Urgent Move: Preemptive Rate Cuts Amid Economic Slowdown

South Korea's monetary policy board members called for swift and preemptive actions to address the slowing economy, voting for back-to-back rate cuts and emphasizing the need for p...

South Korea's Industrial Output Slumps in October, Signaling Economic Downturn

South Korea's industrial production index fell by 0.3% in October, reflecting a broader economic slowdown across various sectors. The decline in industrial production, coupled with...

KEPCO's Industrial Power Sales Decline Signals Economic Slowdown

KEPCO reports a 2.8% decline in industrial power sales for September, signaling a slowdown in industrial activity. The decline is attributed to the sluggish performance of manufact...

Seacon's Innovative Strategy: Targeting Civil Servants for Home Building Amid Economic Slowdown

Seacon, Thailand's leading home-building solutions provider, has unveiled a strategic pivot to focus on civil servants and state enterprise employees amid economic slowdown. The co...

Bank Credit Growth Drops to 11% Amid Economic Slowdown

Bank credit growth has slowed to 11.1% as of November 15, 2024, compared to 20.6% last year. Even after adjusting for the HDFC-HDFC Bank merger, growth remains slower at 12.4% vers...