Gita Gopinath confirms India’s GDP most affected among G-20 countries

International Monetary Fund’s chief economist Gita Gopinath on Wednesday tweeted a graph suggesting India’s gross…

International Monetary Fund’s chief economist Gita Gopinath on Wednesday tweeted a graph suggesting India’s gross domestic solution (GDP) could have shrunk the most amongst G-twenty nations in the April-June quarter, at twenty five.6%, when in comparison with the previous quarter.

In her tweet, accompanying the graph, Gopinath claimed, “In #GreatLockdown Q2 (June quarter) 2020 GDP progress at historic lows. Graph places G20 progress numbers on a comparable scale, quarter-on-quarter non-annualised. Really should hope rebounds in Q3 (September quarter) but 2020 all round will see important contractions. China recovers strongly in Q2 just after collapse in Q1 (March quarter).”

The chart exhibits all nations besides China registering GDP contraction. While China’s financial state is revealed to have expanded by a strong 12.three for every cent above the March quarter on a non-annualised basis, the United kingdom is the most impacted just after India, with a GDP contraction of twenty.4 for every cent. The US financial state is revealed to have shrunk nine.one for every cent on a quarterly basis.