Published : Jun 12, 2022 18:00 IST Illusions arise when the mind confuses the apparent with reality. When the National Statistical Office released the latest estimates of national income on May 31, indicating that the Indian economy grew at 8.7 per cent in 2021-22, those favourably disposed to the Narendra Modi government immediately asserted that the economy was in recovery …
Reserve Bank governor Philip Lowe has warned Australia is this year likely to experience its biggest contraction in national output since the Great Depression. Key points: Dr Lowe says the national output is likely to fall by about 10 per cent over the first half of 2020 The unemployment rate is likely to be around 10 per cent by June, …
