Hugo Erken, Head of International Economics at Rabobank, said in its latest note, the Indian economy is likely to see a U/L shaped recovery rather than a V-shaped recovery. Key quotes “India’s economy could even emerge stronger from COVID-19 crisis if the federal government’s INR20-trillion stimulus package that addresses structural weakness is properly executed.” “Ultimately, we expect the COVID-19 crisis to cost each Indian between INR8,000 to INR16,000 in 2025 of missed economic growth compared to a benchmark scenario of no pandemic, depending on the shape of the recovery.” “In case of a U/L – shaped recovery, we also expect structural growth to decline from 5.7% to 5%, caused by lower investment and productivity growth.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Asian stock market: Bulls keep the reins amid cautious optimism FX Street 2 years Hugo Erken, Head of International Economics at Rabobank, said in its latest note, the Indian economy is likely to see a U/L shaped recovery rather than a V-shaped recovery. Key quotes "India’s economy could even emerge stronger from COVID-19 crisis if the federal government’s INR20-trillion stimulus package that addresses structural weakness is properly executed." “Ultimately, we expect the COVID-19 crisis to cost each Indian between INR8,000 to INR16,000 in 2025 of missed economic growth compared to a benchmark scenario of no pandemic, depending on the shape of the recovery.” “In case of a U/L - shaped recovery, we also expect… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
