Q4FY20 GDP growth expectation: How bad will Covid-19 impact the economy?

The gross domestic solution (GDP) figures for the January – March 2020 quarter (Q4FY20 / Q1CY20) to be released on Friday could perhaps give a glimpse of the severity of the impact of the country-large lockdown imposed by the governing administration in the wake of Covid-19 pandemic. The numbers, which are likely to appear in put up-sector hrs on Friday, will start off to reveal the ache overall economy experienced to undergo as Covid-19 introduced all action to a standstill from the last week of March 2020.

When estimates vary throughout brokerages and economists, the prevalent thread that runs via these estimates is the truth that the overall economy is headed to a recessionary period with some even expecting growth to deal above 5 for every cent in financial yr 2020-21 (FY21).

Below is what economists at primary exploration residences count on in phrases of Q4FY20 GDP.

Nomura

Higher-frequency growth

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