India beats economic growth forecast

Analysts doubted that India’s GDP could grow 7% in the last quarter of 2016. Yet it apparently did despite Prime Minister Narendra Modi’s unpopular decision to withdraw all 500 and 1,000 rupees bank notes from circulation since November 2016. Although such a sudden move impacted […]

Bad debt is Italy’s first concern

According to an OECD report, the Italian economy is emerging from a long recession, thanks to policy actions and reforms such as the Jobs Act. The latest OECD Economic Survey of Italy said that a people-centered focus should be maintained to enhance employment, skills, productivity […]

Stabilization, not sustained demand

Forecasts show more economic stabilization than robust and sustained revival of global demand, a new United Nations economic report has found. According to the UN flagship World Economic Situation Prospects 2017 report (WESP), the world economy expanded by just 2.2 per cent in 2016, the […]

2.7% growth forecast for Turkey in 2017

The World Bank revised Turkey’s growth forecast for 2016 to 2.1 percent, as recovery in Q4 was weaker than envisaged earlier. Q3 recorded the largest drop since March 2009 because the failed coup attempt and its aftermath depressed business and consumer confidence and tourism revenues […]

BOE forecast higher growth for UK

The Bank of England (BOE)’s Monetary Policy Committee (MPC) has increased its central expectation for growth in 2017 to 2.0% and expects growth of 1.6% in 2018 and 1.7% in 2019. Indeed, domestic demand has been stronger than expected over the past few months, and […]

China’s economy is rebounding, doesn’t fear Trump

Whatever he says or will say, whatever he does or will do, China and its economy will continue to expand. This is basically the message conveyed by the Chinese authorities over the last couple of weeks after mounting criticism from US President-elect Donald Trump who...

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