"The oppressive force of the novel coronavirus (COVID-19) on weak or moderating high-frequency indicators of activity, barring agriculture, indicates that the implicit real GDP growth for Q4:2019-20 in the NSO’s data release could be undershot by a fair margin. In fact, the widening incidence of COVID-19 in March 2020 may produce downward pulls to Q4 GDP," RBI said. … [Read more...] about RBI Monetary Policy report: Post-COVID-19 estimates suggest global economy could slump into recession in 2020
"Markets can still fall from here. Six weeks ago, Dow was 30 percent higher than now. Corrections over a long run are good, it wipes out leverage and then reassert it. Hence, five years from now, those who are adding risk, will feel pretty good about it," he said. … [Read more...] about Economy will recover, take a deep breath and have a long-term perspective, says Larry Fink
The spread of novel coronavirus, or COVID-19, pandemic and the subsequent lockdown has caused severe disruptions across many businesses in India. As David Nabarro, World Health Organisation (WHO) special envoy for COVID-19, said the world will have to learn to live with coronavirus. … [Read more...] about Business Insight | What the post-coronavirus economy may look like?
"The fall since January 2020 is particularly steep - almost spectacular. It seems to have nosedived in March after having struggled to remain stable over the past two years," the CMIE said about the employment rate. … [Read more...] about Coronavirus impact | India’s unemployment rate hits 23.4%, sees sharp spike after mid-March
On February 1, 2020, when Finance Minister Nirmala Sitharaman presented the Union Budget, she was broadly confronted with challenges of households not spending, companies sitting on mounts of unsold inventory, distressed farmers, a gloomy economy and the extending queue of job hopefuls. … [Read more...] about Big Story | Should FM Sitharaman present Budget 2020 2.0 amid COVID-19 crisis?