Tag Archives: Recession shapes

13May/20

CRU: India: Lockdown Casts a Spell on Growth as Recession Looms

India is expected to enter recession following the quarantine imposed on the world’s second most populous country. The recent plunge in the PMI activity index highlights the huge economic costs of lockdown. But the worst is yet to come. We expect GDP growth to contract by 0.9% in 2020, well below the 7% norm of recent years. Risks are numerous should the accumulated structural weakness backfire during this unprecedented crisis. Read more