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No Chance of India Getting Into Recession For Now: Report

India has zero probability of slipping into recession in the next year, while several other economies, including Asia, Europe and the United States, face the risk of the crisis, according to a Bloomberg survey of economists.

According to the survey, Sri Lanka, which is already facing a major financial crisis, has as much as 85 per cent probability of getting into a recession in the next one year. The survey also showed chances of the recession in New Zealand, Taiwan, Australia and the Philippines to 33 per cent, 20 per cent, 20 per cent and 8 per cent, respectively. The survey showed a 20 per cent probability of China slipping into a recession in the next one year, and a 25 per cent likelihood that South Korea or Japan will enter one.

No Chance of India Getting Into Recession For Now: Report

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