A major recession in developed countries is unlikely: AIIB chief economist

We will have inflation at an elevated level for some time, says AIIB chief economist Erik Berglof

Amid rising tension between India and China, project funding by the Asian Infrastructure Investment Bank (AIIB) in India has not been affected. Speaking on the sidelines of the Kautilya Economic Conclave, AIIB chief economist ERIK BERGLOF tells Asit Ranjan Mishra that if anything AIIB has played a positive role in bringing India and China closer. Edited excerpts:  

How different is the current economic turmoil that India and the world is experiencing from the past ones? 

We are in a world which is very different after February 24. Already the Covid pandemic had created a divergence between the advanced economies