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    • India suffers steep growth downgrade by IMF

      In its latest world outlook report, the IMF predicted emerging countries would average growth of 4.5 percent year-on-year in 2013, down from an estimate of 5.0 percent growth three months earlier. It also cut its outlook for emerging world growth in 2014, to 5.1 percent.

    • Things in US aren't any weaker than before: Paul Edelstein

      The unemployment rate in US fell and fell for some good reasons but the payroll numbers which are estimated differently were quite a bit weaker than we thought and we have some downward revisions to the previous couple of months. In addition the participation rate fell and earnings were down as well.

    • Real GDP growth to stabilise at 8.6%: CMIE

      The share of non-investment grade paper has risen from 39 per cent in the second half of 2010 to 48.5 per cent in the first half of 2011.

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