Grim news on all fronts for Indian economy
Description
The update to the World Economic Outlook by the International Monetary Fund (IMF) presents a dismal picture with global output expected to be lower in 2013, than originally expected in forecasts made last April. The projected underperformance is mainly because of lower growth in emerging markets, continuation of a recession in the eurozone area, and a slower US expansion. The eurozone area continues to suffer from low demand, depressed confidence, financial market fragmentation, weak balance sheets, and fiscal consolidation. In emerging markets, weaker prospects reflect infrastructure bottlenecks and other capacity constraints, lower export growth, lower commodity prices, financial stability concerns, and, in some cases, weak monetary policy support. Read more at: https://www.deccanherald.com/content/344771/grim-news-all-fronts-indian.html
Copyright Date
July 2013
Publication Date
15-7-2013
Publication Title
Deccan Herald, Bangalore
Publisher
The Printers Mysore Private Limited
Keywords
Economics, International Monetary Fund, IMF, Global economy
Source Link URL
https://www.deccanherald.com/content/344771/grim-news-all-fronts-indian.html
