India avoids junk status
Rating agencies seem more optimistic than Indian commentators
LARGE AND leaky, India’s lockdown became “localised” this week. In the parts of the country hit hardest by covid-19, restrictions remain. Elsewhere, they have been largely relaxed. People can visit places of worship, but cannot touch idols. They can go outside to shopping malls, but not the gaming arcades or cinemas inside. In Punjab, mall-goers can buy clothes but cannot try them on first.
This article appeared in the Finance & economics section of the print edition under the headline “Moody moment”
Finance & economics June 13th 2020
- Investment in oil supply has collapsed. It may not roar back
- What the early 1980s implies for unemployment today
- India avoids junk status
- The yuan has been one of the world’s most stable major currencies
- Why are bank bosses sounding more optimistic about loan losses?
- The reasons behind the spectacular rally in metal prices
- Economic research documents black Americans’ struggle for equality
From the June 13th 2020 edition
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