Second wave of COVID-19 poses risk to economic recovery; Q4 GDP to be hit: Report

Noting that a month-long nationwide lockdown can shave off 100-200 basis points off the GDP, the brokerage said growth is still weak, amplified by the steep fall in key economic activity indicators and the anaemic loan growth, and the surging pandemic cases is only increasing the worries on the growth front.

from Economy-News-Economic Times https://ift.tt/3tnW7rj