The slowing of growth will reduce GDP by 5.2%

Published by: March 19, 2020 08:58 AM

Updated: March 19, 2020 08:59 AM

Published by: 19 Mar 2020 08:58 AM
Last updated: 19 March 2020 08:59 AM

GDP-will-reduction

Mumbai:

India’s growth slowed to 6.2% in the fiscal year 2Y-7Y

Prior to growth, the forecast was 7.7 percent. The company predicts that China’s growth will be 2.5 percent and Japan’s growth will be -2.2 percent. Prior to China’s growth, the forecast was 5.9 percent and Japan’s growth was 5.9 percent.

The company said that the rate of growth would depend on the severity of the coronavirus infection and on the countries from which it would recover. It noted that the growth rate in the Asia-Pacific region would be half, which would be less than 3 percent of the international economy. Fixed revenue loss is estimated at 40,000 billion.

Steve Austin

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