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Fitch Ratings, PNB, Punjab National Bank Finance

India's GDP for FY 21 Is Further Decreased to .8% in Fitch Rating's Prediction

The rating agency, however, said global policy responses would help limit the extent of the collapse in economic activity due to lockdowns and aid the post-crisis recovery. "We do not expect GDP in the US and Europe to return to pre-virus levels within our 20-month forecast horizon, even on the assumption that the health crisis eases significantly in 2020 (Jul-Dec)," Fitch added.

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