Expect ‘good’ recession, Tech Mahindra chief says as Davos economists offer bleak outlook

Any global economic contraction may end up being a “good” recession during which high employment levels and spending could still be sustained, according to the chief executive of one of the world’s largest IT services companies.

There are several reasons to remain optimistic despite bleak economic forecasts for the year ahead, CP Gurnani told The National on Monday in Davos on the eve of the World Economic Forum’s Annual Meeting.

China…