Great Depression

Rajan did not imply world facing new Great Depression: RBI

"We need rules of the game in order to effect a better solution. I think it is time to start debating what should the global rules of the game be on what is allowed in terms of central bank action," he said.

Jun 28, 2015, 18:40 PM IST
IMF Paper counters Rajan on easy policy being crisis-recipe

IMF Paper counters Rajan on easy policy being crisis-recipe

With RBI's Raghuram Rajan ringing alarm bells about the world economy facing the Great Depression-like problems, an IMF research paper has countered his views and says monetary policy easing alone can't be blamed for triggering a financial crisis.

Jun 28, 2015, 11:24 AM IST

Raghuram Rajan warns of Great Depression-like problems in world economy

Rajan, who is among the few to have predicted the 2008 financial crisis, said the problem was a "broader" one and for the entire world -- not just for industrial countries or emerging markets.

Jun 26, 2015, 10:35 AM IST

America has fought back from recession: Obama

Obama said that in the last 40 months, businesses have created 7.2 million new jobs.

Jul 25, 2013, 10:51 AM IST

US continuing to recover from the worst recession: White House

The US is continuing to recover from the worst recession since the Great Depression, the White House said after the latest jobs report revealed that the unemployment rate for the month of April has dropped to 7.5 percent, the lowest in four years.

May 04, 2013, 09:18 AM IST

Recovering from worst downturn since Great Depression: White House

The US economy is on road to recovery from the worst downturn since Great Depression, a top White House official said.

Aug 04, 2012, 00:13 AM IST

World avoided second Great Depression: Krugman

Stimulus spending by govts helped the world avoid a second Great Depression, says Paul Krugman.

Aug 10, 2009, 15:28 PM IST