IMF confirms India’s GDP worst-hit among G20

9 months ago 49
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NEW DELHI: A tweet put out by the

IMF

’s chief economist

Gita Gopinath

confirmed that the Indian economy saw the steepest contraction in the June quarter among

G20 countries

. “In #GreatLockdown Q2 2020

GDP

growth at historical lows. Graph puts

G20

growth numbers on a comparable scale, quarter-on-quarter non-annualized. Should expect rebounds in Q3 but 2020 overall will see major contractions. China recovers strongly in Q2 after collapse in Q1,” the tweet read.

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