Moody's Predicts India to Enter Growth Sweet Spot with 7.2% Surge in 2024
In a significant boost for India's economic outlook, Moody's Investors Service has announced that the country is poised for robust growth, forecasting a remarkable increase of 7.2% in its GDP for the year 2024. This projection reinforces India's position as a dynamic economy on the rise, amid global economic uncertainties and challenges.
Continue readingChina's Home Sales Slump Worsens in September Ahead of New Stimulus Measures
China's housing market slumped further in September, reflecting heightening challenges for the nation's real estate sector ahead of newly announced stimulus measures. The latest data showed far weaker property sales readings than had been forecast for the month, adding to concerns over stability and growth in one of the world's largest economies.
Continue readingChina Holds Surprise Politburo Meeting on Economy Amid Slowdown
In a shocking and sudden move, China's topmost political leadership convened an emergency meeting of the Politburo in light of the deepening economic problems befalling the country. This emergency meeting reflects the growing concerns in the Chinese government over the slow pace of economic growth that has plagued the nation for the last few months.
Continue readingADB Predicts Greater Economic Growth in Asia Amid Lower Prices Driven by China's Deflation Crisis
The Asian Development Bank has revised the forecast on economic growth for Asia upwards despite deflationary pressures emanating from China, its giant economy. This was contained in a comprehensive report detailing the fresh projection of the region's economic trajectory, which was published recently.
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