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Business Live: Coronavirus lockdown worse than 2008 global financial crisis, say analysts


Workers wearing protective gear spray disinfectant as a precaution against the COVID-19 coronavirus in a local market in Daegu, South Korea. | Photo Credit: AP

Coronavirus lockdown worse than 2008 global financial crisis, say analysts

Here's another estimate of the likely impact of the coronavirus pandemic on the economy, this one coming from the ING Group.

IANS reports: "ING Group said in a note that the three-week nationwide lockdown will significantly dent India’s GDP growth, making this an even worse year for the economy than the 2008 global financial crisis. This demands a stronger policy response. Until then, the ...


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