By Ian Stewart
Tings have changed in recent months, and the British economy appears to be on the mend. Tere isnow concern that the housing market is exhibiting signs o a bubble. Positive external actors, includingan easing o economic stress in Europe and a recovery in the United States, have played a role.
By Dr. Rumki Majumdar
Declining economic growth, high ination, declining scal discipline, a widening external decit, anddiminishing business condence are hampering India’s economic outlook. Moreover, a new central bank governor is ocusing on ination and nancial stability rather than growth, so the best path orward orIndia involves structural reorms that have yet to be implemented.
By Navya Kumar
Despite a rebound in growth in the second quarter, the outlook remains troubling because o slow growth in the third quarter, excessive ination, and a deteriorating external balance. Te central bank has tightened monetary policy in order to stabilize the currency and ght ination, and the governmentis tightening scal policy in order to maintain scal probity. Te primary hope or better perormancemay rest with prospects or reer trade, especially with the EU.
By Akrur Barua
Slowing growth, weakening investments, and poorly perorming exports are weighing on Russia’seconomy. Moreover, excessive reliance on hydrocarbons means that alling energy prices are harmulto growth. With ination running relatively high, the central bank is not likely to signicantly loosenpolicy. Furthermore, oreign direct investment has dried up, and unds are owing out o the country.
GDP growth rates, ination rates, major currencies versus the US dollar, yield curves, composite medianGDP orecasts, composite median currency orecasts, OECD composite leading indicators
4th Quarter 2013