Q. Do you think many developed economies are going to face technical recession in the coming days?
A. I cannot say whether they are going to face it or not. This is because technical recession is defined as negative growth of GDP for consecutive two quarters. Any economy can avoid being into technical recession even when it is in economie crisis. For example, it may so happen for a crisis prone economy records negative growth of GDP in a particular quarter. then it may have low positive growth in the next quarter. But in the next quarter it again has negative growth of GDP. Then there can be no recession according to this definition. But the economy may remain in crisis even for long period. What I said earlier was the world capitalism has been under unprecedented crisis since World War II. Indian economy has also been in unprecedented crisis since its independence.
Q. But India has been one of the highest achiever of growth in the world in this FY and..........
هذه القصة مأخوذة من طبعة December 01 - 31, 2022 من BUSINESS ECONOMICS.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة December 01 - 31, 2022 من BUSINESS ECONOMICS.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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