Lockdowns pull down business activity to 76% of pre-pandemic level; unlikely to impact GDP: Report – News 24-7 Live News 24-7 Live
Lockdowns pull down business activity to 76% of pre-pandemic level; unlikely to impact GDP: Report

Lockdowns pull down business activity to 76% of pre-pandemic level; unlikely to impact GDP: Report

Business activity has fallen by a fourth of the pre-COVID levels due to lockdowns imposed by states to contain the spread of the second wave of COVID-19, Japanese brokerage Nomura said on Tuesday.

However, it said the falling activity levels will have a muted economic impact and maintained its growth estimates for the year, saying the lockdowns present downside risks.

News Source: financialexpress

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