Tag - inflation

High possibility of 8% GDP growth for India in 2023-24


New Delhi: There is a high possibility of India's economic growth touching 8 per cent in 2023-24, government's Chief Economic Adviser (CEA) V Anantha Nageswaran said. Speaking at an event here, the CEA said that he expected a 7 per cent GDP growth rate for 2024-25 and it was important to maintain it. He also said...

‘US inflation will soar if America doesn’t undergo reindustrialization’


New York: Inflation will climb higher if the US economy doesn't reindustrialize its economy, according to investment manager Richard Bernstein. Bernstein, who founded Richard Bernstein Advisors LLC (RBA) in 2009, pointed to the US's "massive" trade deficit, with the difference between imports and exports clocking in at $773.4 billion last year, according to the Commerce...

Morgan Stanley raises India’s GDP growth estimate to 6.8%


New Delhi: Global brokerage Morgan Stanley has raised India’s GDP growth expectation to 6.8 per cent in 2025 from 6.5 per cent on continued traction in industrial and capex activity. “We raise GDP growth to 6.8 per cent YoY in FY2025, a rise of 30bps from our earlier estimate of 6.5 per cent, on continued...

US economy is nowhere near recession: Top economist


New York: The soft landing that once looked nearly impossible for the Federal Reserve to pull off is still on track. That’s the message from Jan Hatzius, the chief economist of Goldman Sachs. “Certainly, it doesn’t look like the economy is anywhere close to a recession,” Hatzius told CNN. Even though he concedes inflation has come...

India’s retail inflation eases to 4-month low


New Delhi: India’s retail inflation slowed to a four-month low of 5.09 per cent in February bringing some relief to household budgets, official figures released showed. There was a sharp decline in cooking oil prices during February which came down by as much as 11.67 per cent. The price rise in spices slowed to 13.51...

Fed open to rate cuts if it’s clear inflation is easing further


New York: Federal Reserve Bank of Cleveland President Loretta Mester said that if the U.S. economy performs as she expects it could open the door to rate cuts, but she’s not ready yet to offer any timing for easier policy amid ongoing inflation uncertainty. “Monetary policy is in a good place from which to assess...

Indian economy likely to grow 7% in 2024-25: RBI chief


New Delhi: Indian economy should record a growth rate of 7 per cent in the next fiscal and inflation is likely to ease further, Reserve Bank of India (RBI) Governor Shaktikanta Das has said. He also credited the government for structural reforms undertaken in recent years, saying they have boosted the medium and long-term growth...

US consumer inflation highest in 40 years


Washington: Prices for US consumers jumped 6.8% in November compared with a year earlier as surging costs for food, energy, housing and other items left Americans enduring their highest annual inflation rate in 39 years. The Labor Department also reported that prices rose 0.8% from October to November — a substantial increase, though slightly less...