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).
HONG KONG | BANGALORE: The most important market for Chinese smartphone makers may no longer be China. For years, hundreds of millions of Chinese have bought smartphones. In the process, they lifted the fortunes of local handset makers, from the well known like Huawei and Lenovo to the obscure like Coolpad and Gionee. But the era of fast growth is coming to an end in China, where the research group IDC said on Monday that phone sales fell 4% in the first quarter from a year earlier, the first contraction in six years. IDC expects no growth in China's smartphone market in 2015.
By: Peter Bendor-Samuel The bloom is coming off the rose for many Indian IT services firms. Over the past decade, India created a wealth-generating "engine" of innovation and an industrialised services model. That disruptive model took the world by storm. It humbled industry giants, bringing once-great firms such as EDS and CSC to their knees and forcing other great firms such as IBM and Accenture to adopt India's model. Large Indian firms such as Cognizant, Infosys, TCS and Wipro became global leaders.
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.
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.