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Coronavirus hangs over the future like a 'spectre', warns RBI: 10 points
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Coronavirus, the accompanying lockdowns and the expected contraction in global output in 2020 weigh heavily on the growth outlook, the Reserve Bank of India today cautioned in its Monetary Policy Report, underlining the pandemic's deepening impact on India's economic growth . "The actual outturn would depend upon the speed with which the outbreak is contained and economic activity returns to normalcy," the RBI said, warning that Covid-19 "hangs over the future, like a spectre." Here are the some key highlights from RBI's April monetary policy report: 1) Prior to the outbreak of COVID-19, the outlook for growth for 2020-21 was looking up, the RBI said, citing bumper rabi harvest, the improving transmission of past reductions in the policy
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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