World Bank sees global economy growing faster

Source: RTT News
Global economy growth projection was improved by the World Bank mainly due to a reduction of some fiscal consolidation measures implemented by high-income countries, a report published by the bank showed on Wednesday. According to the report, the world economy is set to grow 3.2% this year compared to previous expectation of a 3% acceleration in the June data.

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Wed, 15 Jan 2014 09:19:03 GMT

U.S. import prices surprisingly stay flat in December

Import prices in the world's largest economy remained unchanged in December after recording drops in the previous two months, a report published by the Labor Department showed on Wednesday. According to the report, the country's import prices stayed flat in December after falling 0.9% in November and by 0.6% in the month of October.

Wed, 15 Jan 2014 08:57:03 GMT

India's wholesale prices ease in December

Wholesale price inflation in India recorded a notable slow-down in December missing an initial economists' forecast expecting a rate of 6.99%, the latest data unveiled by the Ministry of Commerce showed on Wednesday. The country's wholesale prices rose 6.16% on an annual basis in December after recording an increase of 7.52% in the prior month.

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