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US economy seen regaining muscle in second quarter

US economy seen regaining muscle in second quarter

Last Updated: Wednesday, July 30, 2014, 11:20

Gross domestic product likely grew at a 3.0 percent annual rate after shrinking at a 2.9 percent pace in the first quarter, according to a Reuters survey of economists.

China's services sector booms in June, suggest economy steadying

Last Updated: Thursday, July 03, 2014, 10:56

Activity in China`s services sector expanded at its fastest pace in 15 months in June, a private survey showed on Thursday, reinforcing signs that the broader economy is stabilising.

Govt unlikely to substantially hike plan outlay in 2014-15

Last Updated: Saturday, June 14, 2014, 15:06

The new Government is unlikely to substantially enhance the Plan expenditure for 2014-15 in the Budget to be unveiled next month because it needs to keep fiscal deficit in check.

China government think tank cuts GDP forecast: Report

Last Updated: Wednesday, April 30, 2014, 10:22

The downward revision follows signs that China`s economy slowed more than expected in the first quarter.

China's 2014 GDP to grow at 7.5%: Economist

Last Updated: Tuesday, March 25, 2014, 17:38

Dismissing concerns over Beijing's first onshore default, Chinese economist Jianye Wang pegged China's GDP to grow at 7.5 percent in 2014-2015 while addressing a session at The Growth Net Tuesday.

China confident of achieving 7.5% GDP target: Minister

Last Updated: Friday, March 07, 2014, 18:04

China on Friday expressed confidence over achieving its GDP target of 7.5 percent this year, citing the expected recovery of the world economy and strong fundamentals of emerging markets.

China's GDP expected to top $10 trillion by 2014

Last Updated: Thursday, March 06, 2014, 22:12

According to the China Daily, figures from the National Bureau of Statistics reveal China's gross domestic product (GDP) expanded 7.7 percent in 2013 from the previous year, overshooting the government target of 7.5 percent to reach 56.9 trillion yuan (about 9.3 trillion dollars).

China reports $175 bn fiscal deficit

Last Updated: Thursday, January 23, 2014, 17:06

China`s fiscal deficit came in at 1.06 trillion yuan (USD 175 billion) last year, just 1.8 percent of the country`s gross domestic product and lower than planned in the budget, official data showed Thursday.

Fiscal deficit will be contained at 4.8% of GDP: Chidambaram

Last Updated: Wednesday, January 15, 2014, 17:04

Chidambaram expressed his "unflinching commitment" to contain the fiscal deficit, at a time when the deficit in the first eight months of the fiscal year has touched 93.9 percent of the full-year target.

CAD likely to narrow to 1.1-1.2% of GDP in Q3: Rating agencies

Last Updated: Friday, January 10, 2014, 20:56

The country's current account deficit is likely to decline to 1.1-1.2 percent of the gross domestic product in the third quarter, say rating agencies.

Final FY12 GDP readings to be around 6%: Report

Last Updated: Monday, January 06, 2014, 22:23

The report said the uncertain global and domestic environment dragged investment down by 8.7 percent in FY'12.

India to have third-largest GDP by 2030: Montek

Last Updated: Thursday, November 28, 2013, 22:28

India will become the third-biggest economy in the world by 2030, Deputy Chairman of the Planning Commission Montek Singh Ahluwalia said Thursday.