"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-04-19T15:23:32Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/04/19/mask-mandate-removal-airlines-muntean-sot-vpx.cnnbusiness"
data-branding-key=""
data-video-slug="mask mandate removal airlines muntean sot vpx"
data-first-publish-slug="mask mandate removal airlines muntean sot vpx"
data-video-tags="aircraft,aviation and aerospace industry,business and industry sectors,business, economy and trade,centers for disease control and prevention,coronavirus,coronavirus pandemic,diseases and disorders,epidemics and outbreaks,government organizations - us,health and medical,infectious diseases,life forms,microscopic life,public health,public transportation,respiratory diseases,transportation and warehousing,us department of health and human services,us federal departments and agencies,viruses,air transportation,airlines,decisions and rulings,law and legal system,trial and procedure"
data-details="">
Video Ad Feedback
See airline passengers throw away masks as mandate is revoked
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-04-10T18:05:00Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/04/10/white-house-miffed-by-press-corps-covid-coverage.cnn"
data-branding-key=""
data-video-slug="White House miffed by press corps' Covid coverage?"
data-first-publish-slug="White House miffed by press corps' Covid coverage?"
data-video-tags="brian stelter,business and industry sectors,business, economy and trade,companies,coronavirus,coronavirus pandemic,diseases and disorders,epidemics and outbreaks,government and public administration,government bodies and offices,health and medical,infectious diseases,journalism and news media,life forms,media industry,microscopic life,misc people,politics,public health,respiratory diseases,the atlantic,us federal government,viruses,white house"
data-details="">
Video Ad Feedback
White House miffed by press corps' Covid coverage?
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-02-21T20:54:03Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/02/21/fox-neil-cavuto-covid-vaccine.cnn"
data-branding-key=""
data-video-slug="Fox Neil Cavuto covid vaccine"
data-first-publish-slug="Fox Neil Cavuto covid vaccine"
data-video-tags="business and industry sectors,business, economy and trade,communicable disease control,companies,coronavirus,diseases and disorders,electronics,fox corporation,health and medical,health care,health care facilities,hospitals,infectious diseases,intensive care units,levels of care (health),life forms,medical and health care electronics,medical treatments and procedures,microscopic life,public health,respiratory diseases,technology,vaccination and immunization,viruses"
data-details="">
Video Ad Feedback
Fox anchor says the Covid-19 vaccine saved his life
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-02-07T12:04:45Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/02/04/watch-covid-pandemic-house-hgtv-video-orig.cnn-business"
data-branding-key="innovate"
data-video-slug="watch covid pandemic house hgtv video orig"
data-first-publish-slug="watch covid pandemic house hgtv video orig"
data-video-tags="diseases and disorders,health and medical,infectious diseases,companies,epidemics and outbreaks,hgtv,public health"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-02-04T23:15:07Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/02/04/jobs-report-inflation-economy-brian-deese-national-economic-council-director.cnnbusiness"
data-branding-key=""
data-video-slug="jobs report inflation economy brian deese national economic council director"
data-first-publish-slug="jobs report inflation economy brian deese national economic council director"
data-video-tags="business, economy and trade,economic indicators,economy and economic indicators,employment growth,employment trends,government and public administration,government bodies and offices,labor and employment,labor sector performance,politics,us federal government,white house,government organizations - us,us congress"
data-details="">
Video Ad Feedback
National Economic Council director on how to 'normalize' the economy
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-01-21T12:26:04Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/01/21/hong-kong-cathay-pacific-zero-covid-lu-stout-pkg-intl-hnk-vpx.cnn"
data-branding-key=""
data-video-slug="Hong Kong cathay pacific zero Covid lu stout pkg intl hnk vpx"
data-first-publish-slug="Hong Kong cathay pacific zero Covid lu stout pkg intl hnk vpx"
data-video-tags="air transportation,aircraft pilots,airline employees,airlines,arrests,asia,business and industry sectors,business, economy and trade,cathay pacific,china,communicable disease control,companies,continents and regions,coronavirus,coronavirus pandemic,crime, law enforcement and corrections,criminal law,diseases and disorders,east asia,epidemics and outbreaks,europe,health and medical,hong kong,hotels and motels,infectious diseases,isolation and quarantine,kristie lu stout,labor and employment,law and legal system,law enforcement,life forms,lodging,microscopic life,misc people,northern europe,public health,respiratory diseases,transportation and warehousing,travel and tourism,united kingdom,viruses,workers and professionals"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-01-14T09:17:09Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/01/14/hong-kong-zero-covid-supply-chain-lu-stout-pkg-intl-hnk-vpx.cnn"
data-branding-key=""
data-video-slug="Hong Kong zero covid supply chain lu stout pkg intl hnk vpx"
data-first-publish-slug="Hong Kong zero covid supply chain lu stout pkg intl hnk vpx"
data-video-tags="asia,border control,china,communicable disease control,continents and regions,coronavirus,coronavirus pandemic,diseases and disorders,east asia,epidemics and outbreaks,health and medical,hong kong,infectious diseases,international relations,international relations and national security,kristie lu stout,life forms,microscopic life,misc people,national security,public health,respiratory diseases,territorial and national borders,viruses"
data-details="">
Video Ad Feedback
Pandemic empties one of the world's busiest airports
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-01-11T12:49:06Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/01/11/colorado-governor-polis-coronavirus-business-newday-vpx.cnn"
data-branding-key=""
data-video-slug="colorado governor polis coronavirus business newday vpx"
data-first-publish-slug="colorado governor polis coronavirus business newday vpx"
data-video-tags="colorado,continents and regions,north america,southwestern united states,the americas,united states,diseases and disorders,ed lavandera,epidemics and outbreaks,health and medical,infectious diseases,jared polis,misc people,political figures - us,public health"
data-details="">
Video Ad Feedback
Colorado Gov. Polis pushes 'get back to normal' strategy
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-01-04T20:46:31Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/01/04/nyc-mayor-business-open-shutdown-eric-adams.cnnbusiness"
data-branding-key=""
data-video-slug="nyc mayor business open shutdown eric adams"
data-first-publish-slug="nyc mayor business open shutdown eric adams"
data-video-tags="continents and regions,environment and natural resources,eric adams,landforms and ecosystems,new york (state),new york city,north america,northeastern united states,political figures - us,the americas,united states"
data-details="">
India has plunged into recession for the first time in nearly a quarter of a century as the pandemic continues to weigh heavily on Asia’s third biggest economy, which economists warn will struggle to recover from the slump.
Official data published on Friday showed gross domestic product for the July-September quarter fell by 7.5% compared to the same period last year, when the economy was growing by more than 4%.
That follows a record drop of nearly 24% in GDP in the April-June period, the first quarter of India’s fiscal year.
“With a view to contain the spread of the Covid-19 pandemic, restrictions were imposed on the economic activities not deemed essential during [the first quarter],” the Indian Ministry of Statistics said in a statement on Friday. “Though the restrictions have been gradually lifted, there has been an impact on the economic activities.”
While manufacturing returned to growth, the services sector suffered a second consecutive double-digit decline. Government consumption also fell sharply in part because of an“inadequate fiscal response to the crisis,” said senior India economist at Capital Economics, Shilan Shah.
Positive preliminary results from AstraZeneca on its vaccine candidate is good news for India, given that it has one of the largest orders of any country and the vaccine will be produced locally, Shah added.
The vaccine is “the most encouraging sign yet that India has a route to ending its Covid-19 epidemic and the social distancing that continues to weigh on the economy,” he said in a research note.
But distribution challenges could mean a vaccine would not be widely available until the second half of next year, added Priyanka Kishore, head of India and South East Asia economics at Oxford Economics. There are also some concerns that a lack of clarity regarding data from the vaccine trials could delay regulatory approval.
Both economists said that India’s economy has a difficult path ahead. “The absence of a comprehensive fiscal response… will hamper growth going forward,” Kishore said.
Investors will be paying close attention when India’s central bank meets next week.
“Under these circumstances, monetary policy is likely to remain very loose for the foreseeable future, and we think markets are too hawkish in expecting modest rate hikes in 2022,” added Shah.
The GDP data highlights the contrasting fortunes of India and China in the wake of the pandemic.
While much of the world continued to struggle with the virus, China’s recovery accelerated in the most recent quarter. The country enforced stringent lockdown and population tracking policies intended to contain the virus, and set aside hundreds of billions of dollars for major infrastructure projects to fuel economic growth. It may be the only major economy to end the year bigger than it started.
