Thiruvananthapuram, Kerala | "... Right now it may be premature to say that the current situation could match the impact of the 2008 global financial crisis... We may not have a big growth drop like it happened in 2009 globally... This time, it could be a slow-moving event that lasts several years. In some sense, its average impact may be more than the 2008 global crisis, but it will be spread out over many years," says Chief Economic Adviser V Anantha Nageswaran on the World Bank Report forecasting global growth rate to drop to its lowest since 2008.
