Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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                            <div align="justify">-Livemint.com<br /><br /><em>It is risky at this juncture to bet merely on a natural recovery. Even so, using monetary policy is the best option right now<br /></em><br />Much of the debate in recent months has been focused on the sharp loss of economic momentum in India. The big question is whether the ongoing slowdown is structural or cyclical.<br /><br />The usual thumb rule is that the policy response to a structural slowdown is through economic reforms that ease supply constraints. And a cyclical slowdown has to be tackled with measures to stimulate demand. Rathin Roy of the National Institute of Public Finance and Policy argues that India is currently facing a structural demand problem, which further complicates policy choices.<br /><br />Another way to look at the situation now is through the prism of a growth recession. Economists define a recession as three consecutive quarters of contraction. Economic growth slips into negative territory during a recession. A growth recession is different. The economy does not contract. It continues to expand, but at a sequentially slower pace.<br /><br />India has had three such growth recessions in the past 10 years. The first episode was in the immediate aftermath of the financial crisis that originated in the US. Economic growth fell sequentially in the three quarters from June 2008, or the second quarter of fiscal year 2009. The downturn was sharp, but short.<br /><br />Please <a href="https://www.livemint.com/opinion/columns/opinion-is-india-headed-for-its-worst-growth-recession-in-a-decade-1566320477197.html" title="https://www.livemint.com/opinion/columns/opinion-is-india-headed-for-its-worst-growth-recession-in-a-decade-1566320477197.html">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-Livemint.com<br /><br /><em>It is risky at this juncture to bet merely on a natural recovery. Even so, using monetary policy is the best option right now<br /></em><br />Much of the debate in recent months has been focused on the sharp loss of economic momentum in India. The big question is whether the ongoing slowdown is structural or cyclical.<br /><br />The usual thumb rule is that the policy response to a structural slowdown is through economic reforms that ease supply constraints. And a cyclical slowdown has to be tackled with measures to stimulate demand. Rathin Roy of the National Institute of Public Finance and Policy argues that India is currently facing a structural demand problem, which further complicates policy choices.<br /><br />Another way to look at the situation now is through the prism of a growth recession. Economists define a recession as three consecutive quarters of contraction. Economic growth slips into negative territory during a recession. A growth recession is different. The economy does not contract. It continues to expand, but at a sequentially slower pace.<br /><br />India has had three such growth recessions in the past 10 years. The first episode was in the immediate aftermath of the financial crisis that originated in the US. Economic growth fell sequentially in the three quarters from June 2008, or the second quarter of fiscal year 2009. The downturn was sharp, but short.<br /><br />Please <a href="https://www.livemint.com/opinion/columns/opinion-is-india-headed-for-its-worst-growth-recession-in-a-decade-1566320477197.html" title="https://www.livemint.com/opinion/columns/opinion-is-india-headed-for-its-worst-growth-recession-in-a-decade-1566320477197.html">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-Livemint.com<br /><br /><em>It is risky at this juncture to bet merely on a natural recovery. Even so, using monetary policy is the best option right now<br /></em><br />Much of the debate in recent months has been focused on the sharp loss of economic momentum in India. The big question is whether the ongoing slowdown is structural or cyclical.<br /><br />The usual thumb rule is that the policy response to a structural slowdown is through economic reforms that ease supply constraints. And a cyclical slowdown has to be tackled with measures to stimulate demand. Rathin Roy of the National Institute of Public Finance and Policy argues that India is currently facing a structural demand problem, which further complicates policy choices.<br /><br />Another way to look at the situation now is through the prism of a growth recession. Economists define a recession as three consecutive quarters of contraction. Economic growth slips into negative territory during a recession. A growth recession is different. The economy does not contract. It continues to expand, but at a sequentially slower pace.<br /><br />India has had three such growth recessions in the past 10 years. The first episode was in the immediate aftermath of the financial crisis that originated in the US. Economic growth fell sequentially in the three quarters from June 2008, or the second quarter of fiscal year 2009. The downturn was sharp, but short.<br /><br />Please <a href="https://www.livemint.com/opinion/columns/opinion-is-india-headed-for-its-worst-growth-recession-in-a-decade-1566320477197.html" title="https://www.livemint.com/opinion/columns/opinion-is-india-headed-for-its-worst-growth-recession-in-a-decade-1566320477197.html">click here</a> to read more. <br /></div>                                                           
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Is India headed for its worst growth recession in a decade? -Niranjan Rajadhyaksha

Published on Aug 21, 2019   Modified on Aug 21, 2019

-Livemint.com It is risky at this juncture to bet merely on a natural recovery. Even so, using monetary policy is the best option right now Much of the debate in recent months has been focused on the sharp loss of economic momentum in India. The big question is whether the ongoing slowdown is structural or cyclical. The usual thumb rule is that the policy response to a structural slowdown is through economic reforms that ease supply constraints. And a cyclical slowdown has to be tackled with measures to stimulate demand. Rathin Roy of the National Institute of Public Finance and Policy argues that India is currently facing a structural demand problem, which further complicates policy choices. Another way to look at the situation now is through the prism of a growth recession. Economists define a recession as three consecutive quarters of contraction. Economic growth slips into negative territory during a recession. A growth recession is different. The economy does not contract. It continues to expand, but at a sequentially slower pace. India has had three such growth recessions in the past 10 years. The first episode was in the immediate aftermath of the financial crisis that originated in the US. Economic growth fell sequentially in the three quarters from June 2008, or the second quarter of fiscal year 2009. The downturn was sharp, but short. Please click here to read more.

Livemint.com, 20 August, 2019, https://www.livemint.com/opinion/columns/opinion-is-india-headed-for-its-worst-growth-recession-in-a-decade-1566320477197.html

Tagged with: Economic Growth Economic Downturn Economic Recession

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