The Great Depression was not simply the stock market crash of 1929. It brought profound cultural, social, and political changes to the world, from Minneapolis to Mumbai.
The Bloomberg’s Misery Index tallied inflation and unemployment outlooks for 60 economies. Almost all the economies surveyed are projected to be more miserable this year.
How many migrants will risk another life-and-death experience? Will employers be forced to offer better terms to get them back? The future invites many questions.
IMF predicts the worst recession for world economy since Great Depression due to the Covid pandemic. India’s situation is more precarious with a ‘masterstroke’ Modi at helm.
IMF’s outlook is for partial recovery in global economy in 2021 if pandemic fades in second half of this year to allow a gradual lifting of containment measures.
In 2022, athletes claimed they were asked to wind up training early at Thyagraj Stadium so that the IAS couple could walk their dog. Then came the memes and public outrage.
Instead of buying more Mirages outright in early 2000s, the requirement was tweaked in favour of a medium-weight, multi-role fighter with Mirage-like performance.
Pakistan not only has zero chance of catching up with India in most areas, but will inevitably see the gap rising. Its leaders will offer its people the same snake oil in different bottles.
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