Tag Archives: Economic

IMF Pegs India Economic Growth Rate at 7.5% in 2016-17

India’s economic growth rate should pick up to 7.5 per cent in fiscal year 2016-17, the International Monetary Fund said on Wednesday, aided by a collapse in oil prices and relatively low exposure to current global financial turbulence. Summing up its latest review of Asia’s third-largest economy, the IMF forecasts that economic growth would pick up from 7.3 per cent ... Read More »

US Fourth Quarter Economic Growth Revised Higher

Washington: The US economy got a double dose of good news Friday. Economic growth in the final three months of 2015 didn’t slow as much as previously estimated, and consumers roared back to life in January, spending at the fastest clip in eight months. The Commerce Department said that consumer spending increased 0.5 per cent last month, the best showing ... Read More »