Struggling global economy needs more stimulus, but govts running out of options
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India, Aug. 2 -- Economic data now brings more gloom than ever before. The global party that started from 2009 and saw high growth levels on the back of massive liquidity ended last year and since then, economic indicators have been disappointing. Add to it the coronavirus induced lockdown that brought economies to a grinding halt. April-June was worst effected as countries shut all economic acitivity to stop the spread of the deadly virus that originated in China. So analysts were prepared for a fall in global growth. But the figures released have been worse than what policy-makers, analysts and investors have been bracing themselves for. All major economies have reported a double digit fall in GDP. The Eurozone's gross domestic product ...
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