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Great Depression News

18 Jun 2022

WHO Report: 5 year old children are also victims of depression

A shocking report has come out about WHO's mental health. So far, the figures of increasing depression in men and women have come to the fore, but this time 14 percent of the world's adolescents are suffering from some mental illness, this fact has come to the fore in the recent report.

Australia's economy

02 Sep 2020

COVID-19 impact: Australia's economy takes sharpest dive since 1930s

The previous biggest downturn since Australia began keeping records in 1959 was a 2% fall in June 1974 Economists estimate a sharper decline of 9.5% in 1930 when Australian became one of the countries worst affected by the Great Depression The biggest drag on the Australian economy was a 12.1% drop in household spending, the largest on record. That alone accounted for 6.7 percentage points of the 7% fall, with business and dwelling investment also down

28 Jun 2015

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.

28 Jun 2015

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.

27 Jun 2015

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.

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