GLOBAL RECESSION भारत में मंदी के आसार !😢🤐

Economies globally are showing signs of acute weakness and the next stage could be a worldwide recession, if Morgan Stanley is to be believed, in nine months from now.

Escalation in trade tension between the two largest economies — US and China — is the chief factor nudging the world economy towards a recession.

Warning signals are also coming via other reliable indicators of recession: the bond yield curve. The yieldcurve has typically inverted before #recession and it is now nearly similar to what was seen ahead of the 2008 financial crises.

MorganStanley believes if the trade war further soars via US again raising tariffs on all goods imported from China to 25%, "we would see the global economy entering recession in three quarters".
#indiaeconomy
#recessionindia

India, however, is not close to a recession, but is witnessing a crippling slowdown. Some sectors like the automobile industry are dangerously close to recession.
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