Great Depression

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.

Jun 18, 2022, 13:14 PM IST

COVID-19 impact: Australia's economy takes sharpest dive since Great Depression-era of 1930s

Australia's economy suffered its sharpest economic contraction since the Great Depression due to the pandemic, with data released Wednesday confirming the country is in its first recession in 28 years. The economy shrank 7% in June, the biggest contraction since records began in 1959, the government reported.

Sep 02, 2020, 22:49 PM IST

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

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