‘Protracted Slowdown’: New SBI Research Report Paints Bleak Picture Of Economic Recovery

by GoNews Desk Aug 27, 2020 • 06:07 PM Views 759

The SBI in its latest research report shows that the current slowdown in the economy will be long and protracted, pointing to a grim situation where growth figures for the second quarter of current fiscal could be completely washed out. According to the report, the lack of demand among consumers would remain throughout the year because people, worried about the future, are shying away from spending money, which is hurting the country's economy. The figures of this report testify how the country was caught in the cycle of recession in the last fiscal itself