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LATEST NEWS UPDATES | Economy under stress: Slowdown may spill over to FY21

Economy under stress: Slowdown may spill over to FY21

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published Published on Nov 11, 2019   modified Modified on Nov 11, 2019
-Financial Express

Economists see no V-shaped recovery after Q2, say any spending cut will hit growth.

The economy may be in the midst of a protracted phase of slowdown and the weakness could stretch into the next fiscal, as green shoots of a recovery in key indicators — from industrial production, exports and corporate sales to non-food credit growth — are barely visible.

Economists, who were earlier optimistic about a rebound in the September quarter itself, are now much less sanguine and believe growth didn’t hit the rock bottom in the three months through June; rather, it may have dropped below 5% for the first time since the last quarter of FY13 in the July-September period.

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Financial Express, 11 November, 2019, https://www.financialexpress.com/economy/economy-under-stress-slowdown-may-spill-over-to-fy21/1760603/


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