Recession

How can we revive consumer confidence?

As the economy slows, people's purchasing power is taking a hit. How can we create demand?
As the global economy slows down, people's purchasing power is taking a hit. The International Monetary Fund has forecast that the global economy will grow at just 3% this year - the slowest since the recession of 2008-09. India's central bank too says that consumer confidence has dipped to a six-year low in the country.

According to experts, consumer confidence is like an oil tanker - once moved, it can take a very long time to turn around.

So, how significant are the current consumer trends? And what can be done to revive consumer confidence?

#WorklifeIndia discusses the best ways to create fresh demand and asks what some of the innovative measures are to reform the market and to boost consumer confidence.

Presenter: Devina Gupta
Contributors: Dr Reetika Khera, associate professor of economics, Indian Institute of Management; Hindol Sengupta, author and journalist; Preeti Reddy, CEO, South Asia, Kantar Insights

How can we revive consumer confidence?

As the economy slows, people's purchasing power is taking a hit. How can we create demand?
As the global economy slows down, people's purchasing power is taking a hit. The International Monetary Fund has forecast that the global economy will grow at just 3% this year - the slowest since the recession of 2008-09. India's central bank too says that consumer confidence has dipped to a six-year low in the country. 

According to experts, consumer confidence is like an oil tanker - once moved, it can take a very long time to turn around.

So, how significant are the current consumer trends? And what can be done to revive consumer confidence?

#WorklifeIndia discusses the best ways to create fresh demand and asks what some of the innovative measures are to reform the market and to boost consumer confidence.

Presenter: Devina Gupta
Contributors: Dr Reetika Khera, associate professor of economics, Indian Institute of Management; Hindol Sengupta, author and journalist; Preeti Reddy, CEO, South Asia, Kantar Insights

Brexit effect 'reducing recession fears'

Today Programme

BBC Radio 4

Coins and notes
PA Media

Preparations for the 31 October Brexit deadline have eased fears that the UK is imminently going to slip into recession.

That's according to Jane Sydenham, investment director at Rathbones.

She was speaking to the Today programme after the UK economy grew by 0.3% in July.

She said: "Although the second quarter was negative, it looks as though we are not going to have recession at the moment.

"It looks as though there is quite a lot of hiring and spending ahead of Brexit that seems to be coming to the fore again, in the same way that it did ahead of the previous date of March 29.

"It appears that might be happening, although it’s difficult to tell until after the event.

"One month’s numbers are way too short a period [to judge] and they can be quite volatile so we need to see how it develops."