 "Best of BS Opinion: What soft landing?, Formulaic change in Haryana & more")
Many economists and commentators have been popping champagne corks and toasting the US Federal Reserve for having steered the economy toward a soft landing. But, says Michael R Strain, a soft landing – inflation durably at the Fed’s target and employment and GDP growing at a sustainable pace – is less likely than the economy reaccelerating or mildly contracting. He explains why here.
In other views:
Aditi Phadnis explains the political rationale for the change of guard in Haryana. Read it here
Sandeep Goyal examines the case of celebrities as effective politicians. Read it here
Eye culture says Oppenheimer deserves its Oscar accolades. Read it here
QUOTE OF THE DAY
“India’s GDP numbers are absolutely mystifying”
Former chief economic adviser Arvind Subramanian