RBI GOVERNORS ADDRESS- TIMELY MEASURES

RBI GOVERNORS ADDRESS- TIMELY MEASURES

Friday, April 17 2020

These are trying times for the global economy in general and the emerging market economies, including India in particular. The World Economic Outlook of the International Monetary Fund (IMF) reveals that the global economy is going through its worst phase since the Great Depression because of massive dislocations in global production, supply chains, trade and tourism. Global financial markets are experiencing extreme volatility; global commodity prices, especially of crude oil, have declined sharply.

These are trying times for the global economy in general and the emerging market economies, including India in particular. The World Economic Outlook of the International Monetary Fund (IMF) reveals that the global economy is going through its worst phase since the Great Depression because of massive dislocations in global production, supply chains, trade and tourism. Global financial markets are experiencing extreme volatility; global commodity prices, especially of crude oil, have declined sharply.

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