Tag Archives: growth

China’s economic growth may slip to 8.59 percent this year due to slowing in Europe, while inflation will ease to 3.3 percent, according to a Xiamen University and National University of Singapore joint forecast. Growth may bottom out in the second quarter, slowing to 8.35 percent before picking up again, according to the forecast released today at a forum in …

Feb. 23 (Bloomberg) — Asian stocks fell as reports signaled slowing global economic growth and Hewlett-Packard Co. forecast profit that missed estimates. The euro advanced for a second day, while oil declined from a nine-month high. The MSCI Asia Pacific Index declined 0.2 percent as of 3:28 p.m. in Tokyo. Euro Stoxx 50 Index futures and Standard & Poor’s 500 …

NEW DELHI: The economy is expected to grow in the range of 7.5% to 8% in the fiscal year ending March 2013, the Prime Minister’s Economic Advisory Council said on Wednesday, but cautioned that the government must unveil steps to repair public finances and rein in subsidies to bring the economy to a high growth path. The council also said …

The central bank’s anti-inflationary stance has hurt the country’s economic growth, the government said on Tuesday, but it exuded confidence that the current deceleration was a temporary blip. The economy should soon clock a double-digit growth, Finance Minister Pranab Mukherjee said here. The comments come less than a month ahead of the Reserve Bank of India’s monetary review and the …

China’s Vice President Xi Jinping, on the last day of a much-ballyhooed five-day trip through the United States, said the Chinese economy will avoid a “hard landing” this year and maintain stable growth. Slated to become the president of China by 2013, Xi told a business forum in Los Angeles: “2012 will be a crucial year in driving the twelfth …

SHANGHAI saw foreign direct investment grow last month because foreign investors were still attracted to the city’s economy and its pro-business environment. A total of US$1.5 billion in contracted foreign investment landed in the city in January, an annual jump of 12.5 percent, according to the Shanghai Statistics Bureau. But it was slower than last year’s average of 31.3 percent …

CHINA’S central bank said yesterday it will maintain a prudent monetary policy as the country faces pressure in supporting growth and containing inflation. The remarks, made by an official with the People’s Bank of China, was quoted in a PBOC press release a day after the central bank unveiled a reserve requirement ratio cut to ease a liquidity shortage and …

SINGAPORE–Small and midsize businesses (SMBs) and older workers are main beneficiaries of the country’s 2012 budget, which was formulated to restructure and upgrade the local economy while building an “inclusive society”. Revealed by Deputy Prime Minister and Minister of Finance Tharman Shanmugaratnam on Friday, this year’s budget showed that Singapore’s economy expanded by 4.9 percent in 2011. This figure was within …