Amid the panic caused by COVID-19, crude wars and the YES Bank crisis, one thing is certain: Q4 (January — March 2020) will be worse than Q3 (October-December 2019). Corporate earnings will take a hit across the board. It’s safe to assume that Q1, 2020-21 will also be pretty bad.
Even if the pandemic is contained soon, it has already done enough damage to knock the global economy into a lower medium-term trajectory. The impact of China’s lockdown was felt across global manufacturing. Now, with the EU badly affected, cases in the US and other advance economies, and ...
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First Published: Sun, March 15 2020. 20:37 IST
