IMF lowers China economic growth prediction

Note: This section contains information in English only.
Source: Marketwatch
IMF reduced its growth expectations for Chinese economic expansion for 2012, cutting it from 9.0% to 8,25%. IMF cited weakening global export demand as the main decelerator of economy. IMF also recommended Beijing to add monetary stimulus via fiscal measures rather than boosting banking system.

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Tue, 07 Feb 2012 08:04:08 GMT

European stocks disrupt gains on Greek woes

After a successful performance on Friday, European share markets closed down on Monday as Greece's officials failed to conclude nation's debt swap agreement. Stoxx Europe 600 lost 0.1%, German Dax index traded close to flat, giving up only 0.03%. UK FTSE 100 index slipped 0.2% and French CAC 40 index tumbled 0.7%. 

Tue, 07 Feb 2012 14:35:31 GMT

India forecasts weakest growth since 2009

The government of India predicted the nation's economy will expand at slowest pace in three years, putting extra pressure on Reserve Bank of India to cut interest rates. Government predicts annual GDP to increase by 6.9% starting from March. India's economy grew 8.4% in period 2010-2011. The growth slowed down after central bank raised benchmark rates starting from 2010 until October 2011. 

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