The world economy, already “sluggish” before the coronavirus outbreak, is now bound to suffer a “severe recession” in 2020, IMF chief Kristalina Georgieva has warned and said the current crisis posed “daunting challenges” for policymakers in many emerging markets and developing economies. Addressing the Development Committee Meeting during the annual […]
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MUMBAI: Manufacturing in the country won’t take off as soon as lockdown restrictions are lifted due to an acute shortage of workers who have returned to their home states, industrialists said. The automobile, textile and engineering industries, among others, depend primarily on outstation employees for working their plants. “Such workers […]