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
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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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')) {

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        LATEST NEWS UPDATES | ‘Pandemic ate up ₹13-lakh crore household income’    </title>
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Consumption drag likely,says UBS unit

Households have lost a whopping ₹13 lakh crore of their incomes from the pandemic-induced job losses, according to a report that also warns of the economy losing momentum by mid-2021 on a likely slowdown..."/>
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     <meta property="og:description" content="-PTI/ The Hindu

Consumption drag likely,says UBS unit

Households have lost a whopping ₹13 lakh crore of their incomes from the pandemic-induced job losses, according to a report that also warns of the economy losing momentum by mid-2021 on a likely slowdown..." />
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                            <p style="text-align:justify">-PTI/ The Hindu</p><p style="text-align:justify"><em>Consumption drag likely,says UBS unit</em></p><p style="text-align:justify">Households have lost a whopping 13 lakh crore of their incomes from the pandemic-induced job losses, according to a report that also warns of the economy losing momentum by mid-2021 on a likely slowdown in consumption demand that has propped the economy in recent months.</p><p style="text-align:justify"><em>&lsquo;Could slow by mid-2021&rsquo;</em></p><p style="text-align:justify">Describing the growth momentum seen in the second and third quarters of FY21 as a positive surprise, economists at UBS Securities India led by Tanvee Gupta Jain said the economy could slow by mid-2021 as households that lost incomes during the pandemic to the tune of 13 lakh crore could drag consumption with a lag.</p><p style="text-align:justify">In the second quarter of the current financial year, the GDP contraction narrowed to 7.5%, while in Q3, it grew 40 basis points (bps).<br />&nbsp;<br />Please <a href="https://www.thehindu.com/business/Economy/pandemic-ate-up-13-lakh-crore-household-income/article34000069.ece?homepage=true" title="https://www.thehindu.com/business/Economy/pandemic-ate-up-13-lakh-crore-household-income/article34000069.ece?homepage=true">click here</a> to read more.</p>                                                           
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                            <p style="text-align:justify">-PTI/ The Hindu</p><p style="text-align:justify"><em>Consumption drag likely,says UBS unit</em></p><p style="text-align:justify">Households have lost a whopping 13 lakh crore of their incomes from the pandemic-induced job losses, according to a report that also warns of the economy losing momentum by mid-2021 on a likely slowdown in consumption demand that has propped the economy in recent months.</p><p style="text-align:justify"><em>&lsquo;Could slow by mid-2021&rsquo;</em></p><p style="text-align:justify">Describing the growth momentum seen in the second and third quarters of FY21 as a positive surprise, economists at UBS Securities India led by Tanvee Gupta Jain said the economy could slow by mid-2021 as households that lost incomes during the pandemic to the tune of 13 lakh crore could drag consumption with a lag.</p><p style="text-align:justify">In the second quarter of the current financial year, the GDP contraction narrowed to 7.5%, while in Q3, it grew 40 basis points (bps).<br />&nbsp;<br />Please <a href="https://www.thehindu.com/business/Economy/pandemic-ate-up-13-lakh-crore-household-income/article34000069.ece?homepage=true" title="https://www.thehindu.com/business/Economy/pandemic-ate-up-13-lakh-crore-household-income/article34000069.ece?homepage=true">click here</a> to read more.</p>                                                           
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Consumption drag likely,says UBS unit

Households have lost a whopping ₹13 lakh crore of their incomes from the pandemic-induced job losses, according to a report that also warns of the economy losing momentum by mid-2021 on a likely slowdown..."/>
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Consumption drag likely,says UBS unit

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    <h1 class="cat-box-title">‘Pandemic ate up ₹13-lakh crore household income’</h1>
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                            <p style="text-align:justify">-PTI/ The Hindu</p><p style="text-align:justify"><em>Consumption drag likely,says UBS unit</em></p><p style="text-align:justify">Households have lost a whopping 13 lakh crore of their incomes from the pandemic-induced job losses, according to a report that also warns of the economy losing momentum by mid-2021 on a likely slowdown in consumption demand that has propped the economy in recent months.</p><p style="text-align:justify"><em>&lsquo;Could slow by mid-2021&rsquo;</em></p><p style="text-align:justify">Describing the growth momentum seen in the second and third quarters of FY21 as a positive surprise, economists at UBS Securities India led by Tanvee Gupta Jain said the economy could slow by mid-2021 as households that lost incomes during the pandemic to the tune of 13 lakh crore could drag consumption with a lag.</p><p style="text-align:justify">In the second quarter of the current financial year, the GDP contraction narrowed to 7.5%, while in Q3, it grew 40 basis points (bps).<br />&nbsp;<br />Please <a href="https://www.thehindu.com/business/Economy/pandemic-ate-up-13-lakh-crore-household-income/article34000069.ece?homepage=true" title="https://www.thehindu.com/business/Economy/pandemic-ate-up-13-lakh-crore-household-income/article34000069.ece?homepage=true">click here</a> to read more.</p>                                                           
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‘Pandemic ate up ₹13-lakh crore household income’

Published on Mar 5, 2021   Modified on Mar 7, 2021

-PTI/ The Hindu Consumption drag likely,says UBS unit Households have lost a whopping 13 lakh crore of their incomes from the pandemic-induced job losses, according to a report that also warns of the economy losing momentum by mid-2021 on a likely slowdown in consumption demand that has propped the economy in recent months. ‘Could slow by mid-2021’ Describing the growth momentum seen in the second and third quarters of FY21 as a positive surprise, economists at UBS Securities India led by Tanvee Gupta Jain said the economy could slow by mid-2021 as households that lost incomes during the pandemic to the tune of 13 lakh crore could drag consumption with a lag. In the second quarter of the current financial year, the GDP contraction narrowed to 7.5%, while in Q3, it grew 40 basis points (bps).   Please click here to read more.

PTI/ The Hindu, 5 March, 2021, https://www.thehindu.com/business/Economy/pandemic-ate-up-13-lakh-crore-household-income/article34000069.ece?homepage=true

Tagged with: Job Losses Income Insecurity GDP Growth Joblessness Unemployment Lockdown Pandemic

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