India’s economy accelerated in September, as revival in demand and business activity helped propel the South Asian nation toward recovery from the pandemic-induced recession. Five of the eight high-frequency indicators, including exports, tracked by Bloomberg News improved last month, while three were flat. That helped move the needle on a …
Read More »Impact of the coronavirus on the global economy Data from the IMF shows that the virus will drive China’s GDP growth well beyond the US.
China’s production is expected to exceed 2019 levels this year The Covid-19 pandemic will produce lasting changes in global growth, pushing China even further to the forefront. The share of global growth coming from China is expected to rise from 26.8% in 2021 to 27.7% in 2025, according to Bloomberg …
Read More »India could see a 19.2% drop in GDP amid the COVID-19 crisis, the worst among major Asian nations, analysts say
Even before the pandemic hit, Asia’s third-largest economy was in the midst of a slowdown. Highlight Today’s data will likely show India’s June quarter GDP declining 19.2% That would be the sharpest contraction since 1996. The COVID-19 lockdown caused an unprecedented blow to the economy India, once the world’s fastest-growing …
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