On July 26, the International Monetary Fund, (IMF) warned that the world may soon be teetering on the edge of a global recession as the economies of the United States, China and Europe are slowing more sharply than anticipated. The US economy has shrunk for the second quarter in a row sparking fears that the US may have already slipped into recession. What about the Indian economy? The Indian Finance Minister says there is no question of India slipping into a recession or stagflation. Prema Sridevi UnBreaks the News for you!
