In accordance with the Dun and Bradstreet’s (D&B) Country Risk and Global Outlook Report, which has covered 132 countries, the global economy is likely to contract by 5.2% in 2020. This is the biggest decline since the Second World War and a far stronger contraction than the 1.7% recorded in 2009 during the global financial crisis. As per report, the global economy will not reach pre-pandemic levels of activity again before 2022.
Indian Front:
-India’s economy is expected to contract this fiscal year after four decades of positive growth.
-In March, 2020 D&B downgraded India’s rating to DB5c from DB4d, stating the magnitude of downgrade and the risk level highest since 1994.
-DB5 means high risk and denotes that considerable uncertainty is associated with expected returns. Businesses are advised to limit their exposure and/or select high risk transactions only.
About Dun & Bradstreet (D&B):
Dun & Bradstreet’s Country Risk Indicator provides a comparative, cross-border assessment of the risk of doing business in a country. The risk indicator is divided into seven bands, ranging from DB1 to DB7, with DB1 being lowest risk.
Headquarter– New Jersey, United States (US)
Location in India– Mumbai, Maharashtra
Chief Operating Officer (COO), International & Chairman of the Board and Interim Country Leader– Julian Prower
Managing Director (India)– Manish Sinha
Chief Economist (India)- Arun Singh

APPOINTMENTS & RESIGNATIONS