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CARE cuts FY22 GDP growth forecast to 9.2% - The Hindu BusinessLine


May 12, 2021
It’s a double whammy - lockdown and health of workers; third downward revision this fiscal
CARE Ratings has cut its FY2022 GDP forecast for the third time this fiscal, revising it from 10.2 per cent to 9.2 per cent with a downward bias as the second wave of the coronavirus pandemic has dealt a double whammy lockdown as well as health of workers.
The credit rating agency’s Economics Department assessed that lower growth in GDP compared to its initial estimate of 11.2 per cent (in March 2021) would mean a loss of ₹ 2.68 lakh crore in real terms or ₹ 3.89 lakh crore in nominal terms, which in turn will also have fiscal implications. ....

Madan Sabnavis , Economics Department , Mahatma Gandhi National Rural Employment Guarantee , Chief Economist , Care Rating , Covid 19 , Pend Up Demand , Downward Revision , பொருளாதாரம் துறை , மகாத்மா காந்தி தேசிய கிராமப்புற வேலைவாய்ப்பு உத்தரவாதம் , தலைமை பொருளாதார நிபுணர் , பராமரிப்பு ரேடிஂக் , கீழ்நோக்கி திருத்தம் ,

World Bank commodity price outlook report indicates 2021 will be a bull run for all commodities


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World Bank commodity price outlook report indicates 2021 will be a bull run for all commodities
World Bank commodity price outlook report indicates 2021 will be a bull run for all commodities
Gold will be an exception, which will slow down in the financial year
The World Bank commodity price outlook report has indicated that 2021 will be a bull run for all commodities in general, after which there will be tapering down in 2022.
Gold will be an exception, which will slow down in 2021.
The interesting facet here is that the prices for most categories will not just be higher than 2020, when there was a tendency for them to decline, but also over 2019 which was the pre-pandemic year. ....

World Bank , Care Rating , Grain Price Index , East Africa , உலகம் வங்கி , பராமரிப்பு ரேடிஂக் , தானிய ப்ரைஸ் குறியீட்டு ,