Wednesday, November 11, 2020

India in historic technical recession, signals RBI in its first-ever nowcast

Gross domestic product contracted 8.6% in the quarter ended September, the Reserve Bank of India showed in its first ever published ‘nowcast,’ which is an estimate based on high-frequency data. The economy had slumped about 24% in April to June.

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