This is the worst recession after 1929 Great Depression!

96,497FansLike
51,888FollowersFollow

(Do you want to make an impact with your content? Interested in writing Movie or Politics or General stories? contact us at [email protected])

1929 Great Depression is the worst recession till date where several investors literally came on to the roads, all over the world. As per IMF (International Monetary Fund), the recession that is following the Covid-19 will be more severe than the Great Depression.

In the end of 2019, IMF has predicted that around 160 member countries will show positive and growing per capita income in 2020 but now the situation turned completely upside down with 170 countries predicted to show negative numbers.

The Great Depression in 1929 left several people in jobless situation and around 25% of the people got severely impacted. But as technology improved over years, analysts are not sure on how efficiently the world will recover after this crisis. Great Depression lasted for almost 10 years but the analysts are expecting that this crisis may not last that long unless the pandemic keeps coming once in a while.

Layoffs are continuing in the Airlines and Hospitality sector. USA is on the edge of the start of the recession.

Silver Screen

Exclusive: Mega hero’s web series with struggling director

Allu Sirish took a lengthy layoff from movies post the release of ABCD. He has been working on a couple of projects and they...

TB Special: Struggling hero demanding Rs 10 crores remuneration

Ravi Teja's last film which had a relatively good run at the ticket counters was Raja The Great. Almost all of his film after...

Malayali beauty finally lands a Telugu project

Young Malayali actress Anupama Parameswaran was last seen in Bellamkonda Srinivas's 'Rakshasudu' which released last year. The talented actress did not sign a project post...

Akhil to work with star director next

Akhil Akkineni's upcoming film 'Most Eligible Bachelor' will be hitting the silver screens during next Sankranthi season. The remaining portion of the film will...

Coming from TDP gets Jagan’s Bumper offer ‘ Talk in YCP

Finally, Jagan started to act according to the situation. There has been massive negativity on YS Jagan at the moment regarding the injustice that...

Politics

Jagan vs KCR the water fight has started – Who’s gonna get support from Modi

The water controversy between two Telugu speaking states is turning as a red hot affair between Center-AP-Telangana government authorities. It is known that the...

RRR: Jagan has no right to pass the 3 Capital bill

Narsapuram MP and YSRCP member Raghu Ramakrishna Raju continues to make controversial statements that continue to affect his relationship with his party members, especially...

Veerraju suspends Velagapudi, GVR accepts with open arms

Somu Veerraju recently became the President of BJP Andhra Pradesh, and there have been many suspensions in his short span as the President. Veerraju...

New industrial policy: Another disaster in the making?

The government of Andhra Pradesh has introduced a new industrial policy that aims at the development of industries in the state, which have been...

Mixed response from Eeswarayya on audiotape… What’s his real intention?

The viral audiotape of the former High Court Chief Justice Eeswarayya created tremors in the Andhra Pradesh. The way he spoke with the suspended...

Most Read

Exclusive: Mega hero’s web series with struggling director

Allu Sirish took a lengthy layoff from movies post the release of ABCD. He has been working on a couple of projects and they...

Jagan vs KCR the water fight has started – Who’s gonna get support from Modi

The water controversy between two Telugu speaking states is turning as a red hot affair between Center-AP-Telangana government authorities. It is known that the...

Nandini Rai New Photoshoot

Sakshi Malik Hot Photos

Aditi Sonali Tiwari