• Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
Wednesday, July 2, 2025
30 °c
Agartala
enewstime
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    Women’s Asian Cup Qualifiers: India continue winning ways with 4-0 victory vs Timor-Leste

    Women’s Asian Cup Qualifiers: India continue winning ways with 4-0 victory vs Timor-Leste

    AIU provisionally suspends Twinkle Chaudhary for use of prohibited substance

    AIU provisionally suspends Twinkle Chaudhary for use of prohibited substance

    Bazball Brilliance: England Chase 371 to Stun India in Anderson-Tendulkar Trophy

    Bazball Brilliance: England Chase 371 to Stun India in Anderson-Tendulkar Trophy

    Cricket World Mourns: Former India Spinner Dilip Doshi Passes Away at 77

    Cricket World Mourns: Former India Spinner Dilip Doshi Passes Away at 77

    Headingley Test: England Face 350-Run Chase as Rahul, Pant Centuries Set Up Thrilling Test Finish

    Headingley Test: England Face 350-Run Chase as Rahul, Pant Centuries Set Up Thrilling Test Finish

    Rishabh Pant Rewrites Records with Twin Tons at Headingley

    Ind vs Eng 1st Test: Rishabh Pant Rewrites Records with Twin Tons at Headingley

    Rahul takes India’s lead to 96 runs after Bumrah’s fifer keeps England to 465

    Ind vs Eng 1st Test: Rahul takes India’s lead to 96 runs after Bumrah’s fifer keeps England to 465

    Ind vs Eng Test 1: Josh Tongue Stars as India Crumble from 430/3 to 471 All Out

    Ind vs Eng Test 1: Josh Tongue Stars as India Crumble from 430/3 to 471 All Out

    Stokes’ Decision Right, Execution Wrong

    IND vs Eng 1st test: Stokes’ Decision Right, Execution Wrong, Says Broad After India’s Batting Blitz

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    Women’s Asian Cup Qualifiers: India continue winning ways with 4-0 victory vs Timor-Leste

    Women’s Asian Cup Qualifiers: India continue winning ways with 4-0 victory vs Timor-Leste

    AIU provisionally suspends Twinkle Chaudhary for use of prohibited substance

    AIU provisionally suspends Twinkle Chaudhary for use of prohibited substance

    Bazball Brilliance: England Chase 371 to Stun India in Anderson-Tendulkar Trophy

    Bazball Brilliance: England Chase 371 to Stun India in Anderson-Tendulkar Trophy

    Cricket World Mourns: Former India Spinner Dilip Doshi Passes Away at 77

    Cricket World Mourns: Former India Spinner Dilip Doshi Passes Away at 77

    Headingley Test: England Face 350-Run Chase as Rahul, Pant Centuries Set Up Thrilling Test Finish

    Headingley Test: England Face 350-Run Chase as Rahul, Pant Centuries Set Up Thrilling Test Finish

    Rishabh Pant Rewrites Records with Twin Tons at Headingley

    Ind vs Eng 1st Test: Rishabh Pant Rewrites Records with Twin Tons at Headingley

    Rahul takes India’s lead to 96 runs after Bumrah’s fifer keeps England to 465

    Ind vs Eng 1st Test: Rahul takes India’s lead to 96 runs after Bumrah’s fifer keeps England to 465

    Ind vs Eng Test 1: Josh Tongue Stars as India Crumble from 430/3 to 471 All Out

    Ind vs Eng Test 1: Josh Tongue Stars as India Crumble from 430/3 to 471 All Out

    Stokes’ Decision Right, Execution Wrong

    IND vs Eng 1st test: Stokes’ Decision Right, Execution Wrong, Says Broad After India’s Batting Blitz

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
enewstime
  • Home
  • News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders
Home Business

Global recession can stay for up to 18 months: Elon Musk

ENEWSTIME Desk by ENEWSTIME Desk
May 27, 2022
in Business
30
VIEWS
Share on FacebookShare on Twitter

Breaking his silence over the current global meltdown, Tesla CEO Elon Musk on Friday said the recession the world is now experiencing owing to multiple macro-economic factors could last up to 18 months.

“Based on past experience, about 12 to 18 months,” Musk replied to a follower who asked him about how long he thinks this recession will last.

“Companies that are inherently negative cash flow (i.e. value destroyers) need to die, so that they stop consuming resources,” he added.

World Bank chief David Malpass warned this week that Russia’s ongoing invasion of Ukraine could cause a global recession as the price of food, energy and fertiliser jump.

“As we look at the global GDP, it’s hard right now to see how we avoid a recession… The idea of energy prices doubling is enough to trigger a recession by itself,” he was quoted as saying in media reports.

Last month, the World Bank cut its global economic growth forecast for this year by almost a full percentage point, to 3.2 per cent.

Developing countries are also being affected by shortages of fertiliser, food and energy.

China has been hit harder by the latest round of lockdowns. The Covid-19 measures have led to a sharp slowdown in economic activity across the country.

The US could also hit a recession before the end of this year or by early 2023, according to the chief investment officer of Hayman Capital.

In India, foreign portfolio investors have pulled out around Rs 2.5 lakh crore from the Indian equity market.

Global financial services provider firm Moody’s Investors Service has slashed India’s GDP projection to 8.8 per cent for 2022, from 9.1 per cent estimated previously.

The Russia-Ukraine war, high inflation, Covid-19 lockdowns in China and rising interest rates are the reasons behind the economic activities being hampered across the globe.

Related Posts

India curbs jute imports from Bangladesh as dumping hurts local farmers and mills
Business

India curbs jute imports from Bangladesh as dumping hurts local farmers and mills

June 28, 2025
Indian Markets Soar: Sensex Jumps 1,000 Points, Nifty Reclaims 25,250 as Middle East Tensions Ease
Business

Indian Markets Soar: Sensex Jumps 1,000 Points, Nifty Reclaims 25,250 as Middle East Tensions Ease

June 24, 2025
NSE-Cyprus stock exchange pact marks new chapter in financial cooperation
Business

NSE-Cyprus stock exchange pact marks new chapter in financial cooperation

June 16, 2025
IndiGo denies reports on 4 pc stake sale to raise $1 billion
Business

IndiGo denies reports on 4 pc stake sale to raise $1 billion

June 16, 2025
Hong Kong-Delhi flight undergoing checks after technical issue, passengers being assisted: Air India (Lead)
Business

Hong Kong-Delhi flight undergoing checks after technical issue, passengers being assisted: Air India (Lead)

June 16, 2025
Global aviation experts join India’s probe into Ahmedabad Air India plane crash
Business

Global aviation experts join India’s probe into Ahmedabad Air India plane crash

June 16, 2025
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
D-2050 D-2050 D-2050
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

About us

Enewstime.in is run by an individual – a Journalist by profession of Tripura with the active help of several journos including senior journalists of the State. On top of that, Enewstime.in being a subscriber of IANS news agency, we have plenty of multi-choice topics to offer to our esteemed readers. Enewstime.in is a venture reach global audience from a tiny State Tripura.

Latest News

Proposal to Provide Bicycles to AMC cleanliness warriors: An eco-friendly move

On the eve of Doctors’ Day: GBP Hospital Scripts Third Kidney Transplant Triumph

Drones to be used to trace hook lines, dedicated power supply for Hospitals: Ratan Lal Nath

Tripura CM Explains Emergency Timeline, Highlights People’s Ordeal

Assam: Eviction drive conducted in Nalbari, 82 bighas cleared

Undemocratic Governance prevailing in Bengal, alleged Biplab Deb

Contact us

19, Old Thana Road. Banamalipur. PO. Agartala. Pin code 799001. Tripura (West), India.

Email: enewstime2017@gmail.com

Wa: 8794548041

  • Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use

© 2025 Designed & Developed with ❤️ by Provibe Media LLP

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders

© 2025 Designed & Developed with ❤️ by Provibe Media LLP