It is likely that several quarters down the line, when the informal sector survey results are available, this number is revised down to a ~25% y-o-y contraction. For the full year, we expect GDP to contract 7.2% y-o-y (see graphic). We expect negative GDP growth over the April-December 2020 period, before turning positive in the quarter ending March 2021.
from The Financial Express https://ift.tt/3lsUq86
https://ift.tt/eA8V8J Pranjul Bhandari
from The Financial Express https://ift.tt/3lsUq86
https://ift.tt/eA8V8J Pranjul Bhandari
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