Indian economy to add 4.6% in July-September

Source: Bloomberg
Economic growth in India probably went up to 4.6% in the third quarter of the current year from a 4.4% increase in April-June. Therefore, the median estimate of 25 economists suggests the Indian economy to grow less than 5% for a fourth consecutive quarter. Economists say that the lack of investment, together with rising inflation and high interest rates will continue to put pressure on the growth in India.
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Tue, 26 Nov 2013 12:08:07 GMT

Australia needs productivity increase to maintain income growth

The Reserve Bank of Australia Deputy Governor said on Tuesday that the country needs an increase in productivity together with a rise in domestic demand in order to keep living standards growing. Moreover, the weak exports' data will lead to the slowest advance in incomes for the last 10 years, while the country needs a 3.2% surge in productivity to

Tue, 26 Nov 2013 11:46:03 GMT

Goldman: global GDP to increase by 4% in 2015

One of the largest American banks, Goldman Sachs, expects the global GDP to raise the pace of increase to 4% by the year 2015. It is forecasted the economic growth to cool slightly after a strong increase this year, while the main contributors to the rise in GDP will be European countries and the U.S. Analysts predict the U.S. and

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