The Australian central bank has once again raised the interest rates by 25 basis points, due to increasing fears of a spike up in inflation. There are enough signs of a strong recovery in the Australian economy, and hence the central bank has got into the act of withdrawing the excess liquidity pumped into the [...]
The US unemployment rate is not showing any signs of abatement, if you go by the latest data released by the US labor department. The September 2009 unemployment rate has touched a 26 year high of 9.8%, due to more than expected job cuts by employers.
The continuing economic crisis coupled with no clear indication of [...]
The year 2009 might bring back 9% GDP Growth for the Chinese economy, in spite of exports continuing to decline for eight months in a row. The key drivers for the Chinese economic recovery in the massive stimulus spending by the government, coupled with healthy two digit consumer spending.
The Industrial production has surged by 10.8% [...]
The entire year 2008 saw 29 bank closures in US which took the entire world by surprise, but that is getting dwarfed by the massive bank closures so far in 2009. Till August first week, the US regulators have closed down 72 banks across the country owing to the financial crisis.
With the unemployment at a [...]
The Indian economy continues to be the second fastest growing economy in the world, only after China, thanks to the high domestic demand. It is important to note that India depends on agriculture for over 40% of the GDP.
Also over 50% of the population depend on agriculture for their livelihood.
The monsoon season started six [...]
The second quarter of 2009 is turning out to be far better than estimates, with the US economy recording only 1% negative GDP growth. The numbers are looking far better than the 6.4% decline recorded in the first quarter of 2009.
We need to remember that there has been over 700 billion dollars of spending [...]
India depends over 80% on its annual monsoon rains for agriculture output. And this year so far, the monsoon has failed miserably in four key grain producing states, namely Punjab, Haryana, UP and Madhya Pradesh. These four states account for over 50% of few of the main agricultural produce, including wheat and dal items.
The [...]
The US government was boasting of lowest annual budget deficit at 162 billion for the year 2007. And the next year saw the US hitting the historically highest budget deficit at 454 billion dollars, which dwarfed all other annual budget deficit figures.
Now the US is set to dwarf 2008 figures this year, with over [...]
The US trade deficit for the month of May 2009 has touched a nine year low figure of 26 billion dollars, thanks to slowing imports and steady exports. The rest of the world has been able to accept decent amount of exports from US, while US continued to cut down on all unwanted imports for [...]
The housing crisis for UK started nearly two years back and it is not showing any sign of reversal, if you go by the latest June 2009 number. The housing prices in UK for the month of June 2009 have come down by 9.3% compared to the prices a year ago, which is continuing to [...]
