global recovery

IMF pares India’s growth to 6.1 percent


July 16th, 2012 - 8:37 pm ICT by IANS
Washington, July 16 (IANS) With global recovery weakening further, the International Monetary Fund (IMF) has marginally reduced India's growth projections from 6.8 percent to 6.1 percent for 2012 ... Read more...

Posted in World |

`Europe’s debt crisis to be prolonged’


July 6th, 2012 - 2:07 pm ICT by IANS
Seoul, July 6 (IANS) Europe's debt crisis has the nature of protracting and consistently existing due to the failure to tackle the region's fundamental structural problems, South Korea's finance minister ... Read more...

Posted in Business |

G-20 Summit Declaration


June 20th, 2012 - 11:07 am ICT by IANS
Text of the G-20 Summit declaration in Los Cabos, Mexico, June 18-19: 1. We, the Leaders of the G20, convened in Los Cabos on 18-19 June 2012.2. We are united in our ... Read more...

Posted in Business |

G20 endorses India’s concern on infrastructure, austerity


June 20th, 2012 - 7:32 am ICT by IANS
Los Cabos (Mexico), June 20 (IANS) India's concern over lack of funding for infrastructure among emerging economies and austerity measures being adopted even by surplus countries were endorsed by ... Read more...

Posted in Business |

India, China will lead Asia’s growth: IMF (Lead)


April 27th, 2012 - 8:10 pm ICT by IANS
Washington, April 27 (IANS) Even as it lowered India's growth forecast to 6.9 percent this year from 7.1 percent in 2011, the International Monetary Fund (IMF) Friday said led by ... Read more...

Posted in Uncategorized |

China’s GDP growth slows to 8.1 percent (Lead)


April 13th, 2012 - 1:50 pm ICT by IANS
Beijing, April 13 (IANS) China's economy expanded 8.1 percent year-on-year in the first quarter of 2012, slowing from 8.9 percent in the fourth quarter of last year, the National Bureau ... Read more...

Posted in Uncategorized |

Policy uncertainty hurting FDI inflows: RBI


April 11th, 2012 - 9:07 pm ICT by IANS
New Delhi, April 11 (IANS) Foreign direct investment (FDI) inflows to India in recent years have been far below the potential mainly because of "policy uncertainty", a Reserve Bank of ... Read more...

Posted in Business |

Seeking internal growth drivers a new trend: Chinese official


April 2nd, 2012 - 1:07 pm ICT by IANS
Boao (China), April 2 (IANS) Promoting internal growth drivers is the new trend in Asia's economic development, said Chinese Vice Premier Li Keqiang Monday."While continuing to unleash its comparative advantages ... Read more...

Posted in Business |

‘Slow global recovery biggest uncertainty for China’


March 12th, 2012 - 1:58 pm ICT by IANS
Beijing, March 12 (IANS) The governor of China's central bank Monday said a slow world recovery process and the unstable economic and financial situation in Europe will be the biggest ... Read more...

Posted in Business |

IMF urges euro zone to contain crisis


March 2nd, 2012 - 2:29 pm ICT by IANS
Washington, March 2 (IANS) The euro area should take more steps to check the debt crisis, as global recovery continued to be threatened by strains in the region and fragility ... Read more...

Posted in Business |

IMF advises caution on policy easing to India


March 2nd, 2012 - 11:21 am ICT by IANS
Washington, March 2 (IANS) Noting that the global recovery had suffered a setback, the International Monetary Fund (IMF) has advised India and other emerging economies with high inflation and public ... Read more...

Posted in Business |

India’s growth projection lowered as global recovery stalls


January 24th, 2012 - 10:14 pm ICT by IANS
Washington, Jan 24 (IANS) With the global recovery threatened by intensifying strains in the euro area and fragilities elsewhere, the International Monetary Fund (IMF) has slightly lowered India's growth projections ... Read more...

Posted in Business |

IMF to lower global economic forecast


December 2nd, 2011 - 4:11 pm ICT by IANS
Washington, Dec 2 (IANS) The International Monetary Fund (IMF) said Thursday it would revise down the global economic growth pace next month as the financial turmoil triggered by the eurozone ... Read more...

Posted in Uncategorized |

Europe has resources to tackle crisis: US official


October 26th, 2011 - 1:48 pm ICT by IANS
Washington, Oct 26 (IANS) The financial crisis in Europe presents the most serious risk to global recovery, but the European nations have the resources to cope with it, ... Read more...

Posted in Business |

Need better coordination in fiscal, monetary policies: Pranab


October 21st, 2011 - 4:31 pm ICT by IANS
New Delhi, Oct 21 (IANS) Finance Minister Pranab Mukherjee Friday said there was need for better coordination between fiscal and monetary policies to effectively tackle the global economic turmoil."The ... Read more...

Posted in Business |

European crisis threatening global recovery: Geithner


October 7th, 2011 - 10:32 am ICT by IANS
Washington, Oct 7 (IANS) US Treasury Secretary Timothy Geithner urged European leaders to take more forceful actions to contain the regional financial crisis threatening the global economy."The crisis in ... Read more...

Posted in Business |

Protectionism will hurt growth: Anand Sharma


September 1st, 2011 - 7:25 pm ICT by IANS
New Delhi, Sep 1 (IANS) India Thursday asked the developed nations, especially the US and European countries, not to turn protectionist in view of the current economic crisis, saying it ... Read more...

Posted in Business |

Global economy fragile, but India can sail through: PM


June 30th, 2011 - 12:55 am ICT by IANS
New Delhi, June 29 (IANS) Prime Minister Manmohan Singh Wednesday expressed concern over the state of the global economy, especially the faltering recovery in the US and developments in ... Read more...

Posted in Business |

India to lead global economic growth: OECD


June 13th, 2011 - 7:51 pm ICT by IANS
New Delhi, June 13 (IANS) India is poised to register strong economic growth in 2011 that will offset the impact of slowdown in some developed economies, Secretary General of ... Read more...

Posted in Business |

Highlights of monetary policy unveiled by India’s central bank


May 3rd, 2011 - 2:09 pm ICT by IANS
Mumbai, May 3 (IANS) Following are the highlights of the monetary policy for this fiscal unveiled by the Reserve Bank of India (RBI) Governor D. Subbarao Tuesday:-- Repo rate ... Read more...

Posted in Business |

India warns rising oil prices could hit global recovery


April 17th, 2011 - 12:45 pm ICT by IANS
Washington, April 17 (IANS) India Saturday warned that the global recovery from the worst financial crisis in decades may be jeopardised by a sustained rise in oil prices and speculative ... Read more...

Posted in Business |

Global economy recovering steadily but risks remain: G20


April 16th, 2011 - 11:23 am ICT by IANS
Washington, April 16 (IANS/RIA Novosti) The global economic growth is increasing but there are still certain risks of a decline, the G20 finance ministers and central bankers have said in ... Read more...

Posted in Business |

Manmohan Singh cautions BRICS nations not to be complacent


April 14th, 2011 - 3:37 pm ICT by ANI
Sanya (China), Apr. 14 (ANI): BRICS nations today signed framework agreement which enables these nations to grant credit in local currencies, Prime Minister Manmohan Singh said.He said: "Our designated banks have ... Read more...

Posted in World |

Emerging economies leading global recovery: IMF


April 11th, 2011 - 9:12 pm ICT by IANS
Washington, April 11 (IANS) As global recovery continues, the International Monetary Fund (IMF) expects the world economy to grow at about 4.50 percent in both 2011 and 2012 with emerging ... Read more...

Posted in Uncategorized |

India committed to provide life-saving drugs for poor


March 28th, 2011 - 6:37 pm ICT by ANI
New Delhi, Mar 28 (ANI): Union Commerce Minister Anand Sharma today reiterated India's commitment to ensure supply of affordable life-saving drugs for poor people.Addressing the 7th CII- Exim Bank Conclave on India ... Read more...

Posted in National |

Emerging economies spur global recovery: IMF


February 24th, 2011 - 12:40 pm ICT by IANS
By Arun Kumar Washington, Feb 24 (IANS) The global economic recovery is advancing with strong growth in key emerging economies - China, India, Indonesia and Turkey - and growing intra-regional trade, particularly in ... Read more...

Posted in Business |

UAE advocates free trade


February 22nd, 2011 - 12:53 am ICT by IANS
Paris, Feb 21 (IANS/WAM) The United Arab Emirates has advocated a free trade policy in the world, saying it can create economic opportunity for millions of people in developing economies, and thus ... Read more...

Posted in Business |

Global imbalances could spark civil wars: IMF


February 3rd, 2011 - 12:02 am ICT by IANS
London, Feb 2 (IANS) Political unrest within nations could derail global recovery and stoke tensions that may ultimately set off civil wars in deeply unequal countries, the International Monetary Fund (IMF) has ... Read more...

Posted in Business |

India set to grow at 8.4 percent in 2011: IMF


January 25th, 2011 - 3:32 pm ICT by IANS
By Arun Kumar Washington, Jan 25 (IANS) Essentially predicting no change in its previous estimate of 8.4 percent growth for India in 2011 dipping to eight percent in 2012, the International Monetary Fund ... Read more...

Posted in Business |

Double-dip recession a possible risk: IMF chief


December 2nd, 2010 - 10:29 pm ICT by IANS
New Delhi, Dec 2 (IANS) The global economy faces a possible risk of double-dip recession as the recovery is uneven and fragile and most advanced economies are facing high unemployment rates, the ... Read more...

Posted in Business |

WTO Chief calls for international coordinated action for global financial recovery


November 20th, 2010 - 6:29 pm ICT by ANI
New Delhi, Nov.20 (ANI): The Director General of World Trade Organisation (WTO) Pascal Lamy has called for international coordinated policy action for a sustainable global economic recovery and creation of jobs.Speaking at ... Read more...

Posted in National |

Global economic power shifting towards China: George Soros


November 16th, 2010 - 1:02 pm ICT by IANS
By Gurmukh Singh Toronto, Nov 16 (IANS) Noted financier and philanthropist George Soros said here Monday that Beijing was tightening its grip on the world economy and global economic power was shifting ... Read more...

Posted in Business |

G-20 Summit “Shared Growth Beyond the Crisis” gets underway in Seoul


November 11th, 2010 - 8:49 pm ICT by ANI
Seoul, Nov.11 (ANI): The fifth G-20 summit got underway in South Korean city Seoul here amidst sharp difference of opinions among the participating members on measures to sustain the global recovery.The ... Read more...

Posted in World |

India keeps pushing for greater say for emerging markets


October 10th, 2010 - 12:54 pm ICT by IANS
By Arun Kumar Washington, Oct 10 (IANS) India has demanded a greater say for emerging markets in the global economic governance structure reflecting their changing importance and their role in recovery from ... Read more...

Posted in Business |

China’s growth important for global recovery: World Bank chief


October 8th, 2010 - 7:32 am ICT by IANS
Washington, Oct 8 (IANS) China's growth is a very important factor in the global economic recovery, World Bank President Robert B. Zoellick has said.On being asked what China can contribute to the ... Read more...

Posted in Business |

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