It’s hard to be the next China, not impossible

In the 1960s, Japan and Europe exported their way to post-World War II prosperity under the fixed exchange rates of the Bretton Woods agreement. The U.S. went off the gold standard in 1971, but the established way of doing things didn’t collapse. Thirty years later, China essayed the role of being the world economy’s periphery and selling cheap widgets to a revamped core — the West and Japan — with the help of an undervalued exchange rate.

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It’s hard to be the next China, not impossible via @MasterMindUpdate

Franklin Templeton Debt Fund Freeze: Ray of hope for investors to get back their money

The confidence of many investors got jolted when over Rs 30,000 core of their money invested in trusted debt funds of reputed mutual fund (MF) company Franklin Templeton got stuck indefinitely after the world’s leading fund house on April 23, 2020 announced that it will close six of its debt mutual funds schemes. As such funds are less riskier than the equity funds, people often park their short-term money and even emergency funds in debt MF.

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Franklin Templeton Debt Fund Freeze: Ray of hope for investors to get back their money via @MasterMindUpdate

World Bank projects Indian economy to contract 3.2% in FY21

The World Bank on Monday projected the India’s economy to contract 3.2% in FY21 holding that stringent measures to restrict the spread of the coronavirus pandemic will heavily curtail activity in Asia’s third largest economy at a time the global economy is estimated to plunge into its worst recession since the World War II.

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World Bank projects Indian economy to contract 3.2% in FY21 via @MasterMindUpdate

India set for deepest recession yet in FY21, warn economists

Professional forecasters veered towards a consensus that India’s economy will face its worst recession in 40 years, contracting by at least 5% this fiscal, a day before the statistics department releases the March quarter GDP print, which will partially reflect the unfolding impact of the pandemic on the economy.

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India set for deepest recession yet in FY21, warn economists via @MasterMindUpdate

Big companies to get bigger after Covid: BofA Securities

At a time when the world is grappling with uncertainties surrounding Covid, Bank of America (BofA) Securities has listed out some themes that will play out in the post-pandemic era. The foreign brokerage in its report stated that while the bigger companies would continue to gain more market share, the dislocation in the markets would further accelerate disintermediation of the wholesalers. It also added that new asset owners are likely to emerge in infrastructure and real estate, as liquidity would be tight and lenders would remain cautious.

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Big companies to get bigger after Covid: BofA Securities via @MasterMindUpdate