INDIAN ECONOMY FORECAST TO CONTRACT 5.4% IN 2020:UN

  • 23/09/2020

U.N:Amid COVID-19 pandemic, India'seconomy is forecast to contract by 5.9 per cent in 2020, the UN has said in areport, warning that while growth will rebound next year, the contraction islikely to translate into a permanent income loss. It said the globaleconomy will contract by an estimated 4.3 per cent this year, leaving globaloutput by year's end over USD 6 trillion short (in current US dollars) of whateconomists had expected it to be before the coronavirus began to spread.

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