{"id":342593,"date":"2020-03-19T12:20:03","date_gmt":"2020-03-19T06:50:03","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=342593"},"modified":"2020-03-19T12:54:35","modified_gmt":"2020-03-19T07:24:35","slug":"oil-slump-to-help-offset-corona-impact-on-economy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-slump-to-help-offset-corona-impact-on-economy\/","title":{"rendered":"\u2018Oil slump to help offset corona&#8217; impact on economy&#8217;"},"content":{"rendered":"<p>The negative impact of the coronavirus outbreak on the economy will be balanced to &#8220;a very large extent&#8221; by the decline in global oil prices, a senior government official said on Tuesday. The official further said he expects the economy to go on an upward trajectory in 2020-21, adding that a degree of fiscal stimulus may also be warranted to boost growth.<\/p>\n<p>&#8220;We had expected that the economy had bottomed out in the third quarter of fiscal 2019-20 and the last quarter of current fiscal will see an improvement, followed by further improvement in the fiscal 2020-21.<\/p>\n<p>&#8220;However, there is no denying the fact that the Covid-19&#8217;s impact on the global economy will be significant. This is bound to affect Indian economic prospect as well,&#8221; he told PTI. On the other hand, a very bright silver lining has been provided by the collapse of oil prices, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The negative impact of the coronavirus outbreak on the economy will be balanced to &#8220;a very large extent&#8221; by the decline in global oil prices, a senior government official said on Tuesday. The official further said he expects the economy to go on an upward trajectory in 2020-21, adding that a degree of fiscal stimulus may also be warranted to boost growth. &#8220;We had expected that the economy had bottomed out in the third quarter of fiscal 2019-20 and the last quarter of current fiscal will see an improvement, followed by further improvement in the fiscal 2020-21. &#8220;However, there is [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,244,144],"tags":[],"class_list":["post-342593","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=342593"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342593\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=342593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=342593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=342593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}