Religions > Atheism > New economic giants India and China give a twist to the global recovery
| Topic: |
Religions > Atheism |
| User: |
"maff" |
| Date: |
14 May 2004 04:12:28 AM |
| Object: |
New economic giants India and China give a twist to the global recovery |
New economic giants India and China give a twist to the global
recovery
http://news.independent.co.uk/business/comment/story.jsp?story=520653
13 May 2004
It is a funny time, isn't it, for the world economy?
In some ways things are all reassuringly normal. The global upswing is
picking up pace. The OECD has just upgraded its forecast for developed
world growth this year to 3.4 per cent, the fastest for four years. As
a result, interest rates are expected to rise as monetary policy leans
against the growth to stop things running too fast. We have already
had some interest rates increases here. Alan Greenspan, the chairman
of the Federal Reserve board, has hinted that the first rise in US
rates will come soon.
Dr Greenspan's comment has led to a wobble in the US markets, as they
had not fully taken on board the fact that if growth races away far
ahead of the natural trend, something has to be done to check it.
Hamish McRae
http://groups.google.com/groups?hl=en&lr=&ie=UTF-8&oe=UTF-8&selm=18510aff.0311300328.340896a%40posting.google.com
India Indian Indians Indo
http://news.google.com/news?num=100&hl=en&lr=&ie=UTF-8&oe=UTF-8&q=+India+OR+Indian+OR+Indians+OR+Indo&sa=N&tab=gn
http://www.google.com/search?num=100&hl=en&ie=UTF-8&oe=UTF-8&q=+India+OR+Indian+OR+Indians+OR+Indo&sa=N&tab=nw
http://www.google.com/search?num=100&hl=en&lr=&ie=UTF-8&oe=UTF-8&q=+India+OR+Indian+OR+Indians+OR+Indo&sa=N&tab=wd&cat=gwd%2FTop
http://groups.google.com/groups?as_oq=India%20Indian%20Indians%20Indo&safe=images&ie=UTF-8&oe=UTF-8&as_scoring=d&lr=&num=100&hl=en
China Chinese Sino Han
http://news.google.com/news?num=100&hl=en&lr=&ie=UTF-8&oe=UTF-8&q=+China+OR+Chinese+OR+Sino+OR+Han&sa=N&tab=gn
http://www.google.com/search?num=100&hl=en&ie=UTF-8&oe=UTF-8&q=+China+OR+Chinese+OR+Sino+OR+Han&sa=N&tab=nw
http://www.google.com/search?num=100&hl=en&lr=&ie=UTF-8&oe=UTF-8&q=+China+OR+Chinese+OR+Sino+OR+Han&sa=N&tab=wd&cat=gwd%2FTop
http://groups.google.com/groups?as_oq=China%20Chinese%20Sino%20Han&safe=images&ie=UTF-8&oe=UTF-8&as_scoring=d&lr=&num=100&hl=en
Is the wakening giant a monster?
http://tinyurl.com/iws6
A Blueprint for the Future
http://tinyurl.com/9vga
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