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The Reserve Bank of India announced that at its regular meeting on Thursday it had decided to lower the key rate again. Following the previous meeting, the bank has already lowered the rate. Now, the repo rate has been lowered by 25 basis points and is 6% per annum, which coincides with the forecasts of most experts. The regulator’s statement says that boosting domestic demand requires stimulating private investment in order to counter negative factors at the global level. India recorded in the fourth quarter of last year the minimum GDP growth rate over 5 quarters, while the economy increased by 6.6%. The RBI forecast for the fiscal year, which ends in March 2020, has been lowered from 7.4% to 7.2%. Now the Central Bank is also waiting for a reduction in inflation to 2.9-3% from the previously expected 3.2-3.4%
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
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