The technical definition of a recession is when GDP shrinks in two consecutive quarters. Brazil is technically in a recession. The GDP of Brazil contracted by 0.7% in the first quarter (April -June) and 1.9% in the second quarter (April-June) of 2015.
What is Quantitative easing? Quantitative easing is an unconventional monetary policy tool which was used by the Central bank of the USA (Federal reserve) to boost the economy after the financial crisis of 2007-08. (Read more about monetary policy in this article: Monetary policy)
The Government of India had announced two gold-related schemes in its last budget of 2015-16: Gold Monetisation scheme and Sovereign Gold bond scheme. Prime Minister Narendra Modi is going to formally launch the scheme on 6th Nov 2015 before the Hindu festival of Dhanteras when it is considered auspicious to purchase gold.
The Trans-Pacific Partnership (TPP) deal is a free trade agreement (FTA) signed by 12 countries bordering the Pacific ocean. It was finalised on 5th October 2015 after 5 years of intense negotiation. The countries that participated were: The United States, Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.
Bank of Baroda, India’s second largest state-owned lender is embroiled in a Rs. 6000 crores foreign exchange (FOREX) scam. Though, the racket was first unearthed at the Ashok Vihar branch of Bank of Baroda, it has turned out to be a much bigger scam involving other branches and banks too.
Global oil prices have declined to around $47 a barrel. It was $110 in June 2014. Since then, prices have been on a free fall and it has reached below $50 a barrel. Prices of oil have been stable from the year 2010 till mid-2014.
IIP or Index of Industrial production registered an increase of 7.5 % in January 2018. This article attempts to demystify this economic indicator.