How to safeguard your finances in an economic slowdown
- Any form of economic slowdown has a direct and indirect impact on your personal finances too
- You cannot control the economic environment or your income flow, but you can control your expenses to a certain extent
MUMBAI : In the past couple of months you must have heard the word slowdown in multiple sectors and through many high-frequency economic indicators. For instance, in the last monetary policy announcement, the governor of the Reserve Bank of India (RBI), Shaktikanta Das, said the economy is in the midst of a cyclical slowdown.
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