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8 Sep 2020

India's recovery has been uneven - Fitch

Rating agency Fitch said on Tuesday that India's recovery from the coronavirus-induced economic contraction of the second quarter has been sluggish and uneven and faces multiple challenges in both the short and medium-term. 

Key quotes

Sporadic shutdowns across India depress sentiment, disrupt economic activity. 

Severe fall in activity has damaged household, corporate balance sheets amid limited fiscal support. 

India's gross domestic product fell by 23.9% year-on-year in the second quarter, marking the first GDP contraction in more than 40 years.

Sep 8, 2020

Moody’s: Indonesia's real GDP will shrink by 3.9% YoY in 2020

Moody’s Investors Service, the US-based rating agency, is out with is review report on the Indonesian economy, with the key findings found below. “Ind
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Sep 8, 2020

Japan’s Suga: Protecting jobs, continuing business utmost priority amid severe economic situation

Japanese Chief Secretary and front-runner for the country’s leadership race Yoshihide Suga is on the wires now, via Reuters, making some comments on t
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