How severe will the market downturn be from the current levels?
Around events like these, when it is easy to make doomsday scenarios, sharp corrections are the norm. It is also in the nature of markets to move from optimism to pessimism and vice versa relatively quickly.
While there is no denying that there will be some immediate impact on consumption and on wages especially in the services sector that could impact consumption for few more quarters, a 20% drop in ma .
