Tag: woes

India’s economic woes may have only just begun

image copyrightAFP image captionSmall businesses have suffered the most during the lockdown India’s economy contracted by 23.9% in the three months to the end of June, making it the worst slump since 1996. A grinding lockdown brought on by the coronavirus pandemic has disrupted business and left millions out of jobs, reports the BBC’s Nikhil Inamdar. For the last five… Read more →

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How bad are China’s economic woes?

Image copyright Getty Images While economists say China’s economic data can’t always be trusted, they now have a new dilemma – there is no data. On Friday, China said it wouldn’t be setting a target for economic growth for this year. That’s unprecedented – the Chinese government hasn’t done this since it began publishing such goals in 1990. Abandoning the… Read more →