S.Korea’s childbirths at record low since 1981
South Korea has been dogged by a chronic decline in childbirths as many young people delay or give up on having babies in the face of an economic slowdown and high home prices.
South Korea has been dogged by a chronic decline in childbirths as many young people delay or give up on having babies in the face of an economic slowdown and high home prices.
Amid the Big Tech layoff season, the media and entertainment industry worldwide has also been hit with job cuts as advertisers reduce spending amid the global economic slowdown.
Vehicle sales across the country had remained subdued for last several months over economic slowdown and subsequent slowing of demand.
Meanwhile, the apex bank has projected the GDP growth for FY21, starting April 1, at 6 per cent while retaining the estimate for the current financial year at 5 per cent.
Speaking at Shri Ram Economic Summit organised by the economics department of Shri Ram College of Commerce (SRCC), the Rajya Sabha MP said that ordinarily, the explanation for the failing economy should have come from the government.
The situation, in fact, was worse than what it was during the 2008-2009’s Global Financial Crisis.
The party supported concerns raised by former RBI governor Raghuram Rajan, who said India is in the midst of a "growth recession" with signs of deep malaise in the economy that is being run through extreme centralisation of power in the PMO and powerless ministers.
India's economic growth slowed to a six-year low of 4.5 percent in the July-September quarter. With inflation rising, fears of stagflation, a fall in aggregate demand accompanied by rising inflation, have resurfaced.
The RBI's fifth policy statement of the current financial year comes at a time when the GDP growth rate has slipped to a six-year low for the September quarter.
All the Congress General Secretaries have been asked to keep tabs and make extra efforts to ensure a decent attendance from the states.
