By Landon Thomas Jr WASHINGTON: The International Monetary Fund warned on Tuesday that continued weak growth in emerging economies would reduce global growth despite an improving outlook in the United States and Europe. The fund unveiled its spring economic forecasts as central bankers, finance ministers, academics and financiers from around the world converged here for a week of networking, deal-making and crisis management (in the case of Greece and its continuing debt talks).
New Delhi (AFP) - Prime Minister Narendra Modi's right-wing government will unveil its first full budget on Saturday, a day after announcing the time was ripe for long-awaited reforms to kickstart the economy.
It’s hard to be optimistic about India right now. Asia’s third-largest economy is growing at the slowest pace in a decade, the trade gap is widening, the rupee is plunging and the government’s cost of borrowing is soaring as confidence evaporates and investors flee.
WASHINGTON: Ahead of the next week's IMF-World Bank Spring Meetings, IMF chief Christine Lagarde today described India as "growth bright spot" and said New Delhi should focus on labour and product market reforms. "Forecasts for most emerging and developing economies are slightly worse than last year...(but) India is a growth bright spot," she said at the Atlantic Council. China is slowing, Brazil is stagnating, many parts of the Middle East are beset with political and economic turmoil and Russia is experiencing economic difficulties, she added.
High inflation, federal budget deficits, a record trade imbalance and sluggish growth have plagued the Indian economy over the last year, but a recovery may soon be in the offing.
In a view that stands apart from the gloomy headlines and skepticism about India’s economic prospects, Credit Suisse Head of Southeast Asia and India Economics Robert Prior-Wandesforde said last week that the economy’s downward trajectory may have finally hit bottom.
The global economy continue to be fragile and chaotic. At the same time companies continue to make large, and often increasing, profit. Here are some good blog posts on investing, personal finance and the economy.