Great Recession in Europe Current Affairs, GK & News
India growth forecast slashed: CRISIL
Rating agency CRISIL has slashed India’s growth forecast to 5.5%. It is the second cut for fiscal 2013 estimate. Earlier, the agency had cut GDP growth to 6.5%. Deficient rainfall and worsening Eurozone situation are the main causes behind the decline. As per CRISIL, the sluggish growth is expected to put pressure on government finances. ..
Month: Current Affairs - August, 2012
Topics: Government budget balance • Government spending • Great Recession in Europe • Keynesian economics • Stock market crashes • United States fiscal cliff
UK economy in double-dip recession
The UK economy has returned to recession, after shrinking by 0.2% in the first 3 months of 2012. The Office of National Statistics held that a sharp fall in construction O/P was behind the surprise contraction. The UK economy shrank by 0.3% in the fourth quarter of 2011. The UK economy was last in recession ..
Month: Current Affairs - April, 2012
Topics: Business cycle • Decades • Economic history • Economy • Great Recession in Europe • Recession shapes • Recessions
Economy grows 7.7% in Apr-June
The Indian Economy has shown the slowest pace in six quarters. Data released by the Central Statistics Office have showed growth in the April-June quarter of the current financial year stood at 7.7% compared to 8.8% in the same year-ago period. In the January-March quarter, the economy expanded 7.8%. The reasons are: Rising interest ..
Month: Current Affairs - November, 2011
Topics: Decades • Economic history • Economy of India • Great Recession in Europe • Recessions • Units of time