The global economy is in a state of flux, reeling from the twin shocks of trade policy uncertainties and a spike in geopolitical tensions, said an article in the RBI's June Bulletin.
The BCI is based on four components- ‘overall economic conditions to improve in next six months’; ‘financial position of the firms will improve in next six months’; ‘present investment climate’; and whether ‘present capacity utilisation was close to or above optimal level’.
"Recent indicators suggest that economic activity has continued to expand at a solid pace," the Federal Reserve said in a statement.
Americans are notoriously car dependent. Anecdotal evidence ranging from newspaper reports to memes on social media and the writings of that incomparable observer of societies Bill Bryson would suggest the American obsession with the automobile has reached possible disorder levels.
The measures announced by RBI on May 5 will provide some relief to financial institutions in the next 12-24 months.
Even as anger rises over the rising economic and public health costs of responses that have generally been perceived as confused, the UK has announced that London and adjoining Essex, both densely populated, would be placed on high alert.
Punjab CM doesnt rule out lockdown, but makes it clear that economic activity wont be allowed to suffer
