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Coronavirus Economic Weekly News 18April 2021 News posted last week about economic effects related to the coronavirus 2019-nCoV (aka SARS-CoV-2), which produces COVID-19 disease, has been surveyed and some articles are summarized here. We cover the latest economic data, especially the new coronavirus relief bill and stimulus checks, government funding, the latest employment data, housing market reports, mortgage delinquencies & forbearance, layoffs, lockdowns, and schools, as well as GDP. The bulk of the news is from the U.S., with a few more articles from overseas at the end. (Picture below is morning rush hour in downtown Chicago, 20 March 2020.) News items about epidemiology and other medical news for the virus are reported in a companion article. ....
Indian economy to grow at 11% in FY 22: Crisil SECTIONS Last Updated: Mar 09, 2021, 04:17 PM IST Share Synopsis While exports are recovering well for large industries, and agriculture and allied sectors, they remain weak for labour-intensive, small-enterprise driven segments such as gems and jewellery, garments, and leather products because of their discretionary nature. The pace of growth will differ in the first and second halves next fiscal. India s GDP growth is expected to rebound to 11% in FY 22 as people learn to live with the new normal, flattening of the Covid-19 affliction curve, rollout of vaccinations, and investment-focused government spending converge, according to ratings firm ....
(Representative image) NEW DELHI: The sustained improvement in high frequency indicators ignites optimism of better performance in the second half of the year, a finance ministry report said on Tuesday. It reiterated India has been experiencing a V-shaped recovery since June when the gradual easing of lockdown restrictions was initiated. The finance ministry’s monthly economic review for December said the impending vaccination is set to spur momentum in economic activity globally. “The effective management of Covid-19 spread despite the festive season and onset of winter season, combined with sustained improvement in high frequency indicators and V-shaped recovery along with easing of lockdown restrictions distinguish Indian economy as one riding against the Covid-wave,” according to the report prepared by the department of economic affairs. ....