Economist Predicts US Slowdown in 12-18 Months, Impact on India; Advises Macro Stability and Caution for Middle Class

Economist Neelkanth Mishra said the US economy may slow down by mid next year, hurting global GDP.

China will grow slowly at around 2%, but won't collapse. The US is likely to see problems in 12-18 months.

A US recession could impact India through lower services exports, goods demand, and financial market volatility.

India should focus on macroeconomic stability to deal with global turbulence.

State governments play a bigger role in near-term momentum than central government.

The economist advised precaution for the middle class, as the next 1-2 years will be turbulent globally.