Corona will decrease global economy by more than 4.4%, According to Fitch

Corona pushes the global economy into a deepening recession. Already in the first quarter of the current financial year, the Indian economy has shrunk by about 24 per cent due to the corona crisis. Fitch, a financial analyst firm, is even more skeptical this time around.

Corona pushes the global economy According to the Fitch rating on Tuesday, the global GDP contraction will exceed 4.4 percent this year. On the other hand, according to Fitch's forecast, there will be some stability in this case in the case of China. Despite the Corona crisis, Fitch thinks China's GDP growth could reach 2.8 percent.

Also Read: Corona Cases increased day by day in India

In the case of India, the GDP contraction is forecast to be 10.5. However, according to Fitch's analysis, the Indian economy will turn around in the third quarter of 2020. According to them, the Indian economy will see a significant GDP growth between October and December. According to their forecast, India's economy will shrink by about 10.5 per cent in the 2020-21 financial year.

The world's economic growth may go back 100 years Meanwhile, former World Bank chief Robert Jolie has been seen raising more concerns about the recent global economic downturn. If the Corona crisis is overcome quickly, the global economy could return to the way it was 100 years ago. On the other hand, in this case, of course, India-China and Sino-US trade tensions are also being tackled by financial experts. Which is having a negative impact on the world.

Also Read: Good News For Unlock 4 : Indian railways booking starts