Coronavirus impact on economy to be like 2008 financial crisis: Former Infosys CFO Balakrishnan

"It's (now) exactly like 2008 when everything got shut down over a period of time but again recovery then was in a V-shape because central banks and all got in and stabilised," Balakrishnan said. "Now, central banks are helpless; interest rates are almost zero in most parts of the world...I think the pain is going to be similar to what we saw in 2008 and we don't know how long this is going to last."

from Tech-Economic Times https://ift.tt/2vOZbUS