The US economy contracted at an annual rate of 4.8 per cent in the first quarter. Many analysts are terming this as the tip of the iceberg. This is also an indication of what is in store for other economies. For instance, some economists expect the Indian economy to contract in the current fiscal year. Business Standard Opinion pieces for the day talk about policy and other aspects of Covid-19
There are strong reasons why the sanctity of the monetary policy framework should be maintained, notes our lead editorial Read here
At a time of looming economic and