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Barclays cuts India s FY22 GDP forecast to 10%; figures to get worse if curbs continue
If states continue to put in place curbs to contain the virus spread till August, it could mean 120 bp of downside on real GDP growth, says Barclays
Manoj Sharma | May 3, 2021 | Updated 13:34 IST
Barclays says economic costs of the current Covid surge are much lower than during last year but the bill is rising
Barclays Securities has lowered India s FY 2021-22 GDP growth forecast to 10 per cent year-on-year from 11 per cent earlier due to ravaging second wave of coronavirus. In a research report, India: Tracking COVID-19 and Vaccines, Barclays researcher Rahul Bajoria and Shreya Sodhani said the economic impact of the second Covid-19 pandemic could be much higher .
AmericasColombia blames armed groups for protest violence, death toll still unclear
Luis Jaime Acosta
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A protester stokes a fire during a protest against the tax reform of President Ivan Duque s government in Bogota, Colombia, May 1, 2021. REUTERS/Luisa Gonzalez/File Photo
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Colombiaâs defense minister on Monday blamed illegal armed groups for looting and vandalism during five days of street protests but would not confirm how many demonstrators have died.
The protests, which began last week, demanded the withdrawal of a controversial tax reform proposed by the government of President Ivan Duque, who said Sunday the legislation would be retracted. read more
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