India Today

SUNNIER GROWTH WITH A CHANCE OF VOLATILITY

“Hope 2021 is better than 2020” sets a really low bar when it comes to New Year wishes, but as the battered global economy limps back to normalcy, it is likely that 2021 will be better, particularly now that we have vaccines. The question is, how much better?

Unlike some past pandemics that reshaped economies with their high fatality rates, the economic impact of Covid-19 was primarily through the administrative interventions to slow its spread, as governments bought time to understand it better, and for the development of vaccines. So then, if lockdowns caused the economic slowdown, should not their lifting bring economic normalcy? Unfortunately, economic recessions can also impair productive capacity, somewhat like a piece of metal that once bent cannot be fully straightened again: firms shut down, households and firms lose assets or take on more debt to survive the downturn which then affects their ability to consume or invest for several years, consumer and investor sentiment weakens, and economic relationships break, like between employer and employee and suppliers and customers.

To minimise the economic scars and to keep

Stai leggendo un'anteprima, registrati per continuare a leggere.

Altro da India Today

India Today3 min letti
Will Bmc Get The Control Key?
While presenting the Rs 39,039 crore budget of the Brihanmumbai Municipal Corporation (BMC) for 2021-22—the largest ever in the corporation’s history and 17 per cent higher than the previous year—on February 3, commissioner Iqbal Singh Chahal brought
India Today2 min letti
The Czar Of Scars
Q. US-based Poisoned Pen Press calls you “one of India’s best-known comic-book writers”. You’ve published science fiction-horror comics such as The Kalki Project and The Reincarnation Man, as well as your Raj-era murder mysteries, A Very Pukka Murder
India Today2 min lettiCrime & Violence
Tools Of Repression
Section 124A of the Indian Penal Code defines sedition as any words, either spoken or written, or signs, visible representations or other communication that can cause ‘hatred or contempt’, or that ‘excites or attempts to excite disaffection’ towards