And here comes another blow....

#ICRA warns of deep #recession as India's GDP is likely to be contracted by 5% in FY21

Though the government has been claiming that its economic stimulus package is worth 10 percent of #GDP or Rs 20.9 lakh crore, #analysts have pegged it at just 0.8 - 1.2 percent of the #GDP.

https://twitter.com/VGSTOCKRESEARCH/status/1263141006439968769

https://www.moneycontrol.com/news/business/economy/icra-warns-of-deep-recession-gdp-to-contract-5-in-fy21-5293971.html

World Bank said: Global economy to plunge into worst recession since WW-2😉

NIFTY from 7500 levels of lows to till now 10300 levels😉

Whats Next⁉️

Any thoughts‼️

https://twitter.com/VGSTOCKRESEARCH/status/1270060994723602439

*When Technical Indicators generate sell signals .... Bad news follows😉👇*

#Italy plunged into recession by investment, consumer slump. Economy contracted 12.8%, final Q2 numbers show. Investment plunged 14.9%, household spending fell 11.3%, exports dropped 26.4%.

https://twitter.com/VGSTOCKRESEARCH/status/1300367067418222593


https://t.co/UrAvzbC9Lz

Almost 40 days earlier everyone was crying out loud about #Inflation #Recession #RussiaUkrainWar (recently added #ChinaTaiwan conflict) blah blah & blah🤨😉....

#Nifty's target was given 10000 / 12400 & so on🤭.... Bhai kha hai 12400 / 10000?

And there we stood tall with our strong buying zone @14800-15400 range 🤨... Here we are #Nifty spot from 15183 to 17550+ & today #SgxNifty hitting 17700+✈️✈️ which is merely 900 points away from its #ATH which soon could be taken out for good✌🏻

Mind the figure 21000 coming soon🤞✌🏻

#Nifty #DalaalStreet #StockMarket

https://twitter.com/VGSTOCKRESEARCH/status/1557391303943434242?t=IE-i3LgTNBJIiBvOYgGqmw&s=19

Bloomberg data shows #recession probabilities across the globe over the next year.

#India stands out with 0% probability, while U.K. has 75% chances of a recession.

Here's how other countries are expected to fare.