Economists are downgrading their estimates as a range of figures from the rate of cheques bouncing to the amount of mortgaged gold jewellery show the extent of damage from the 2nd wave
Reuters
Published: 03 Jun 2021 10:22 AM BdST
Updated: 03 Jun 2021 10:22 AM BdST People walk at a crowded market in the old quarters of Delhi, India, April 6, 2021. REUTERS
Expectations for India’s economic growth are being revised sharply lower as a surge in people losing their jobs and defaulting on debt suggest a more halting recovery from the financial shock of the COVID-19 pandemic. );
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Economists are downgrading their estimates as a range of data – from the rate of cheques bouncing to the amount of mortgaged gold jewellery up for sale - shows the extent of the economic damage from a devastating second wave of the disease.
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