India's growth forecast upgraded from zero to 4.8% for 2012

Note: This section contains information in English only.
Source: Reuters
Economists changed forecasts about India from 0% growth to 4.8% expansion this year. Such change was determined by Industrial Production index that rose from 0.1% in April to 1.8% in the beginning of July. Infrastructure sector also recovered slightly,  with its output growing by 3.8% in May on an annual basis. However,  eight core industries faced contraction. Though the economy growth is still below average  of 9% and might weaken in the upcoming future.
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Tue, 10 Jul 2012 10:49:53 GMT

Unexpected recovery of the Italian industrial output

Italian national statistics office announced on Tuesday, July 4, that industrial production recovered by 0.8% in May after contraction of 1.9% in April. However, economists still expect economy to contract by 2.4% by the end of the year. Total industrial output declined by 6.9% in May for the year period. Mario Monti, Italian Prime Minister, started to implement austerity measures for the economy in December 2011.

Tue, 10 Jul 2012 11:41:53 GMT

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