US-China conflict to impair global trade which is vital for India's reopening: Raghuram Rajan

Cautioning that there will be "deeply damaged firms" in the economy, Rajan said the post-pandemic recovery has to be accompanied by a process of repair. "There's going to be enormous bankruptcies in the United States certainly and quite possibly in Europe also as we repair the economy, reallocate resources, restructure capital structures," he said.

from Economy-News-Economic Times https://ift.tt/2ZWT1y5