There were big revisions for the U.S. and the euro area, as well as China, which is now forecast to grow modestly, the only Group of 20 country with such a prospect.
Modi govt does not appear to recognise that international politics is spiralling towards a ‘soft war’ where all issues are linked to security and political interests.
President of European Chamber in China, Joerg Wuttke, said the recovery isn't V or W, it's looking like the top of a chainsaw — up and down and painful all the way.
The easing of lockdown restrictions in parts of Europe & US had led some to envisage a V-shaped recovery, but recent flare-up in cases argues against any swift revival.
Indicators such as electricity demand and traffic congestions point to a modest 'lift of lows', as economic recovery remains uneven in the absence of a vaccine.
Traces of habits like holding fewer meetings and less travel or working from home will endure long after the virus lockdowns ease, acting as a brake on demand.
On the first episode of Two Much With Kajol and Twinkle, Aamir Khan and Salman Khan were confronted with another hypocrisy: age gaps. And they didn't come out looking good.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
While the IAF remains committed to the Tejas programme and has placed orders for 180 Tejas Mk1A, the force is eagerly waiting for the Tejas Mk 2 version.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
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