“US economy has been doing well. One can’t rush to a conclusion based on one month of unemployment data,” Das told reporters on being asked how he looked at the US recession fears that have emanated after the recent weak unemployment in the US.
Das said it would be “premature” to talk about the recession in the US.
From the RBI’s point of view, the Governor added they will be watchful of all incoming data -- both from domestic and external fronts.
He reiterated that one cannot forecast the possibility of a slowdown or a recession based on one month’s unemployment data. He added one has to wait and see other data emerging from the US.
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