Tuesday 7 July 2020

The end of Gulf money

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Tue, Jul 07, 2020 | 04:32 PM IST

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Top stories of the day
End of Gulf money? Pandemic hits Kerala where it hurts the most End of Gulf money? Pandemic hits Kerala where it hurts the most
For economies that depend on this foreign income, the outlook for 2020 is bleak. ...
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Debate This
Is it too early to talk of an economic recovery?
The economy was cratering even before the pandemic hit, with demand stagnation leading to declining GDP growth over successive quarters. The lockdown just made it worse. Now as India slowly reopens, the needle seems to be moving, but is it enough? While the supply-side problems that affected the economy in the beginning of the lockdown have been largely sorted, things are far from normal.

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