Developments in India would have spillover results for the area and the worldwide financial system
The International Monetary Fund on Thursday mentioned the latest upsurge in COVID-19 instances in India posed draw back dangers to the Fund’s April forecast for 12.5 per cent progress in India’s financial output in fiscal years 2021 and 2022.
The IMF will revisit that forecast when it issued a recent World Economic Outlook in July, IMF spokesman Gerry Rice informed reporters at an everyday briefing, however gave no additional particulars
He mentioned the developments in India would have spillover results for the area and the worldwide financial system, relying on how lengthy the disaster lasted
