Letter to BS: It's necessary to arrest economy from slipping into recession

The cash flows of the various segments of the economy have been extensively impacted by the deadly disease

This refers to “COVID: Flattening the (economic cost) curve” (March 19). While the impact of the deadly virus is now not quantifiable because of the related costs to contain the disease and the erosion in the value of the assets of the economy are sharply climbing, it is essential to face the situation to keep the economy from slipping into recession. 

In order to combat the accelerating downshift, enormous investments are needed in areas like health care, core industries and agriculture for which availability of capital at a lesser cost is essential. The lending rate of the banking sector is not