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Global economy heading for another downturn: RBI 2012-01-25 07:25:09
The global economy seems to be headed for another downturn after just three years. The recovery is likely to lose traction due to the continuing euro area debt crisis,” RBI Governor D. Subbarao said in a statement. Reserve Bank of...
Keywords: Governor D. Subbarao, Governor D. Subbarao, United Nations' economic department data, global financial markets
Read MoreGlobal Economy in 2012 may be worse: IMF Chief 2011-12-23 09:53:33
In its World Economic Outlook report, the IMF projected that global economy would grow 4 percent in 2012. As the debt crisis in the euro area worsened and decision making in major advanced economies becoming more uncertain, the world economy...
Keywords: Global Meltdown, International Monetary Fund, fiscal consolidation plan, Global Economy in 2012
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