Thursday, June 25, 2020

India’s animal spirits in deep slumber despite economy reopening

Output sank sharply due to extended business shutdowns and very weak demand conditions, according to the IHS Markit survey. It also pointed to a substantial decline in new work orders and price pressures, indicating deflationary trends in both input and output costs for the services sector.

from Economy-News-Economic Times https://ift.tt/2VnHzsK
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