Economic Outlook

The OECD, an intergovernmental economic group, said outlook has improved for the first time since the outbreak owing to Covid-19 vaccine progress.

Positive signs for economy as festival season draws near

Agency sees major economic recovery in 2021, normalisation by fiscal 2022; also refers to weak fiscal settings, such as elevated govt deficits and indebtedness, low per capita income

Any rebound in the economy might be slow, with economists in a Bloomberg survey predicting a milder contraction of 5.3% in the quarter to September

The real, the rouble and the rupee are on the spot as infections of Covid-19, the illness caused by the virus, pile up in Brazil, Russia and India

Retains ratings at lowest investment grade

Last week, the government raised its market borrowing programme by a whopping 54 per cent of the Budget estimate to Rs 12 trillion for the current fiscal to fund a comprehensive stimulus package

PMI's services did contract, with trade, hospitality coming to a grinding halt, though the pace of fall in the index was not as steep as that of the core sector

45 per cent of the CEOs polled feel it will take over a year to achieve economic normalcy once the lockdown ends

It is true that crude oil prices globally are under pressure due to excess supply and poor demand, thanks to the Covid-19 pandemic

According to the SBI Ecowrap report, the extension of the lockdown would result in economic loss of Rs 21.1 trillion or 6 per cent of the nominal GVA

Many workers in the gig economy, dominated by service sector start-ups, are poorly protected against income losses in a recession

In his book, 'Resurgent Asia: Diversity in Development', Nayyar writes that Asia, is set to regain its dominant position in the global architecture

Three difficulties - global/local macro conditions, credit stress, and uncertainty - will weigh upon the January-June period, and result in relatively sombre outcomes