Deja Vu moments of Dec 2007 Great #EconomicRecession start!!
THAT time triggered by Bankruptcy of Lehman Brothers, THIS time by #Bankruptcy of #SiliconValleyBank!!

THE CASCADING EFFECT STARTS!!

#BankofEngland is seeking Court Order to place #SiliconValleyBank- UK Ltd into #Insolvency Proceedings
#SVB's #British arm had sought 1.8 Billion Pounds of #Liquidity from #BoE via its discount window facility, which offers emergency funding to banks In return got Insolvency Proceedings initiated

And global #EconomicRecession is due capitalism, irrespective of which form it exists in various countries!
"Microsoft intends to cut up to 11,000 jobs, or 5% of its workforce due to the global economic slope: Sky News"

#IndiaLockdown and miseries expose the unity & struggle of the proletarian class, when it hits the quagmire of religion, caste, national chauvinism! #EconomicRecession

Despite forecast of #EconomicRecession it can't be stopped in capitalism!
The US will almost certainly face a recession in the next 12 months, according to a new Bloomberg Economics model projection.
The probability model now forecasts a 100% chance of US recession by October 2023, up from 65% for the comparable period in the previous forecast.

#ThirdWave, earlier #SecondCovidWave and even earlier #COVID19 in early 2020 are nothing but criminal negligence of BJP government, leading to genocide!
More than 25 millions Indians murdered!
#CoronavirusPandemic #EconomicRecession
#gangaexposemodi
#WhereIsAmitShah

Inefficient, corrupt, anti-India BJP government will now shout more on rhetoric, jingoism! #EconomicRecession #EconomicDepression
India GDP Live: India's Q2 GDP data contracts by 7.5% after record slump in last quarter https://timesofindia.indiatimes.com/business/india-gdp-data-live-updates-indian-economy-q2-2020/liveblog/79438609.cms

State repression is maximum at present against the working class and the oppressed people in India! #LockdownWithoutPlan #EconomicRecession

US Reels Toward Meat Shortages and the World May Be Next https://www.bloomberg.com/news/articles/2020-04-24/meat-threats-grow-with-first-brazil-shutdown-u-s-turkey-halt
Who is responsible for the present gigantic crisis? For #CoronavirusPandemic & #EconomicRecession capitalism is responsible!

Capitalism has increased the miseries of the working class, the oppressed people & women 100 times in #CoronavirusPandemic & #EconomicRecession!

Similar is the story world wide, with minor differences!
Another similarity is; all government's denial mode, not accepting ground realities & worse masking the crisis with rhetoric, jingoism, religiosity, cultism! #CoronavirusPandemic #EconomicRecession https://www.thelocal.es/20200414/worse-than-2008-crisis-spain-heading-for-8-percent-economic-slump-and-20percent-jobless-warns-imf/amp#referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s

1 USD = 76.33 INR! Sensex/Nifty down by 4%!
India in #EconomicRecession, in addition to #CoronavirusPandemic!
Police atrocities, administration & judiciary inefficiency, social division, outright loot by capitalist class on rise!
Is it not time to fight for Right to Recall?

See the hash tags trending on twitter! Dirty or useless, shows philistine nature of paid trolls, Bhakts, liberals! Absolute garbage!
#CoronavirusPandemic #EconomicRecession

#EconomicRecession was already lurking on horizon, even as the 2008-2009 recession never saw its opposite, the economic boom! Now coupled with #CoronavirusPandemic, it's disaster, where any form of capitalism is not able to advance any solution!
Destruction of productive forces already started! https://m.timesofindia.com/business/international-business/imf-chief-clear-we-have-entered-recession/amp_articleshow/74852468.cms

In the meantime 1 USD= 76.08 Indian RUPEE!
The fake Achche Din is being exposed everyday!
Understand fascism, be scientific & logical, unite, rise! #CoronavirusOutbreakindia #EconomicRecession #IndiaDoesNotSupportCAA_NRC_NPR

#EconomicRecession is really now, which is further aggravated by #CoronavirusOutbreak! Government must withdraw all discrimination citizenship acts! https://www.livemint.com/market/stock-market-news/global-recession-comes-knocking-at-india-s-doors-owing-to-covid-19-and-crude/amp-11584558022538.html

Another shock for the world market & a catalyst for world #EconomicRecession, which is already in permanent #EconomicCrisis since 2008!! https://www.bloomberg.com/news/articles/2020-02-02/china-oil-demand-is-said-to-have-plunged-20-on-virus-lockdown

Indian GDP for 2020 as per IMF forecast is down to 4.8%! It further says, india's share in world's economic slowdown is very high!
Does it concern you?
#EconomicSlowdown
We are heading to
#EconomicRecession!! #DelhiElections

Indian GDP for 2020 as per IMF is down to 4.8%!
#EconomicSlowdown
We are heading to #EconomicRecession

A good analysis on present day economic condition in India! We are in #EconomicRecession & not in #EconomicSlowdown!!
https://www.nationalheraldindia.com/opinion/its-recession-agree-economists-and-warn-that-worse-is-yet-to-come

#EconomicRecession Growth at 4.5%
Core sector shrinks 5.8%
6-month fiscal deficit exceeds full year target.
Here’s the really bad part: If you apply the Arvind Subramanian discount, actual GDP growth could be about 2%!
#EconomicSlowdown
(From FB)