IMF confirms India’s GDP worst-hit among G20

A tweet put out by the International Monetary Fund's chief economist Gita Gopinath confirmed that the Indian economy saw the steepest contraction in the first quarter among G20 countries.

“In #GreatLockdown Q2 2020 GDP growth at historical lows. Graph puts G20 growth numbers on a comparable scale, quarteron-quarter non-annualized. Should expect rebounds in Q3 but 2020 overall will see major contractions. China recovers strongly in Q2 after collapse in Q1,” the tweet read.

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