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Second Covid wave humanitarian crisis, not economic; likely to have peaked: Report | India News

MUMBAI: The second wave of the pandemic in India is more of a humanitarian crisis rather than an economic one, and is likely to have peaked, a Japanese brokerage said on Thursday.
Nomura said it expects the overall hit to sequential growth in April-June to be much less severe than last year when there was a complete nationwide lockdown, and less than what the drop in mobility suggests. It estimated the economy to contract by only 3.8 per cent in June quarter as compared with March quarter.
“ . lockdowns are more nuanced this time and consumers and businesses have adapted,” it said, adding that international experience also suggests the same. ....

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Second COVID-19 wave humanitarian crisis, not economic one: Nomura

Second COVID-19 wave humanitarian crisis, not economic one: Nomura
Nomura said it expects the overall hit to sequential growth in April-June to be much less severe than last year when there was a complete nationwide lockdown, and less than what the drop in mobility suggests
PTI | May 20, 2021 | Updated 16:00 IST
The second wave of the pandemic in India is more of a humanitarian crisis rather than an economic one, and is likely to have peaked, a Japanese brokerage said on Thursday.
Nomura said it expects the overall hit to sequential growth in April-June to be much less severe than last year when there was a complete nationwide lockdown, and less than what the drop in mobility suggests. It estimated the economy to contract by only 3.8 per cent in June quarter as compared with March quarter. ....

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Second Covid wave humanitarian crisis, not economic; likely to have peaked: Report

MUMBAI: The second wave of the pandemic in India is more of a humanitarian crisis rather than an economic one, and is likely to have peaked, a Japanese brokerage said on Thursday.
Nomura said it expects the overall hit to sequential growth in April-June to be much less severe than last year when there was a complete nationwide lockdown, and less than what the drop in mobility suggests. It estimated the economy to contract by only 3.8 per cent in June quarter as compared with March quarter.
“ . lockdowns are more nuanced this time and consumers and businesses have adapted,” it said, adding that international experience also suggests the same. ....

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Second wave a human crisis, impact on economy muted: Nomura

Second wave a human crisis, impact on economy muted: Nomura
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The ongoing lockdowns across states are expected to last till June, which would be followed by a faster sequential recovery in the July-September quarter, Nomura said in a report released on Tuesday.
Agencies
Nomura had revised down India’s FY22 growth forecast to 10.8% from 12.6% as the second wave began to take hold.
Global brokerage Nomura has termed India’s second wave of Covid-19 a humanitarian crisis rather than an economic crisis, saying the impact on growth is likely to be muted and limited to the first quarter of this fiscal. ....

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Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow ....

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