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India predicts GDP 7.7% contraction, likely to prompt steps to boost growth

in.reuters.com | The economic system contracted by a document 23.9% within the April-June quarter following a nationwide lockdown to stop the unfold of the coronavirus. The …

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Billionaire investor Sam Zell questions Tesla and Bitcoin, predicts workers will return to offices, and warns the US dollar could be replaced as the world's reserve currency in a new interview. | Business Insider

‘The world is stuffed with skeletons of people that believed they might get out earlier than the unhealthy occasion got here,’ the Fairness Group Investments chief stated.

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China's pace to overtake U.S. as world's largest economy accelarates by 5 years, report predicts | YahooNews

China is on the right track to overhaul america because the world’s greatest economic system by 2028, the Heart for Economics and Enterprise Analysis predicted in a report launched Saturday. The 2 nations have lengthy been anticipated to swap locations, however CEBR anticipates the tempo has accelerated because of China recovering extra shortly from the COVID-19 pandemic.A yr in the past, the CEBR pegged 2033 because the transition yr, however China’s economic system is predicted to develop by 2 % in 2020, the lone main international economic system to broaden, whereas the U.S. economic system, alternatively, is predicted to contract by 5 %. The report additionally anticipates China will turn into a “high-income economic system” by 2023, although residing requirements are anticipated to stay a lot decrease than in the usChina is just not alone in its area in terms of financial progress. “Different Asian economies are additionally taking pictures up the desk,” mentioned Douglas McWilliams, the CEBR’s deputy chair. “One lesson for western policymakers, who’ve carried out comparatively badly through the pandemic, is that they should pay rather more consideration to what’s taking place in Asia somewhat than merely taking a look at one another.” Learn extra at The Guardian and Bloomberg.Extra tales from theweek.com 7 scathing cartoons about Russia’s large cyberattack The Christmas of 1918 Joe Biden’s anti-revolution takes form

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Tech bull Paul Meeks predicts another record year, but sounds the alarm on DoorDash and Airbnb | Stephanie Landsman

Paul Meeks, who’s identified for working the world’s largest tech fund throughout the late Nineties, builds a bearish case for 2 fashionable 2020 names.

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Economy improved 'significantly': SBI chief predicts GDP growth to contract by 8-9% in FY21

www.livemint.com | The Indian financial system shrank 23.9 per cent year-on-year within the first quarter of 2020. "Put up-unlock, day-after-day is a brand new day. The best way financial revival is …

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