Business Standard

Keep 'margins of safety' amid global turmoil, says CEA Nageswaran

IMF's latest estimates for global growth appear outdated, he says

CEA V Anantha Nageswaran
Premium

CEA V Anantha Nageswaran

Arup Roychoudhury New Delhi
Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday flagged the rising global uncertainty amid a banking crisis in the US, and said governments, businesses, and individuals should keep “margins of safety”.

Nageswaran said the global growth estimates issued by the International Monetary Fund (IMF) in January appeared “outdated”.

The IMF had projected the global economy to grow at 2.9 per cent in 2023 and 3.1 per cent in 2024.

“When you are facing uncertain times, the key thing to do is to make sure that we have margins of safety in our operations, whether it is for corporates or investors... whether it

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 16 2023 | 9:49 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com