India to experience its deepest recession ever with 45% fall in Second Quarter, says Goldman Sachs
Shortpedia
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Goldman Sachs in predicting that India will witness its worst recession yet as its data pointed out to the adverse economic impact of the lockdown imposed to check the spread of the coronavirus outbreak. Gross domestic product is expected to shrink by an annualized 45% in the second quarter from the past three months in contrast to Goldman’s previous forecast of a 20% decline, as per the report by Goodman Sachs.
