Is India prepared for a global shock?
Eleven years after the Lehman collapse, India has less ammunition to stimulate its economy but India’s balance-sheet still appears better than it was during the 2013 mini-crisis
The new monetary easing program of the European Central Bank (ECB), purportedly to ward off an Eurozone recession, has raised fears of a currency war among advanced economies, with US president Donald Trump hitting out at ECB for weakening the euro at the expense of the dollar (monetary easing serves to weaken the domestic currency). This comes in the midst of a trade-cum-currency war between the US and China, which continues to keep markets on edge.
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