India is set to become a US$ 4 trillion economy in 2025,surpassing Japan by early next fiscal to become the world's fourth largest economy, Indian Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal said last week, confirming the IMF half year World Economic Outlook database.
Services activity in Brazil shrank 1% in February, official figures showed on Wednesday, the biggest monthly fall in over 18 months and another sign Latin America's largest economy was already in go-slow mode before the coronavirus crisis erupted.