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 ranking comes at a time when the RBI, the World Bank and the International Monetary Fund (IMF) have slashed the country's growth projection amid global economic slowdown.
As the Finance minister faces the mammoth task of pulling out the country out of a plunging economic growth, Sitharaman has been reacting to critics and former advisors like Raghuram Rajan, Manmohan Singh, and Abhijit Banerjee.
Her remarks came hours after former prime minister Dr Manmohan Singh on Thursday said that the Government is 'obsessed with trying to fix blame on its opponents' for economic slowdown
As against India's real growth rate of 6.8 per cent in 2018, the IMF in its latest World Economic Outlook released on Tuesday, projected the country's growth rate at 6.1 per cent for 2019 and noted that the Indian economy is expected to pick up at 7 per cent in 2020.
The IMF on Tuesday trimmed India's growth forecast by 90 basic points to 6.1 per cent, which is the second downward revision in seven months and in total 120 basis points reduction.
