Category Archives: Uncategorized

Imbalances are improving …but renminbi reform is not a panacea

At the G20 Summit in Pittsburgh in 2009 it was agreed that all major economies would reduce their current account surplus as part of the global effort to reduce global imbalances. US Treasury Secretary, Timothy Geithner, suggested that current account deficits … Continue reading

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More negative news for India

It came as no surprise to us that one of the big three international credit ratings agencies, Standard & Poor’s, announced last week that it had revised the outlook for India’s long-term sovereign debt from stable to negative. The agency … Continue reading

Posted in Debt, Economics, India, Uncategorized | Leave a comment

India: A number too sweet

What should we make of the latest industrial production data published by India’s Central Statistics Office? On 12 April, when releasing the February data for the index of industrial production (IIP), the office announced that the January numbers had been … Continue reading

Posted in Economics, India, Industrial Production, Manufacturing, Uncategorized | Leave a comment

Brazil’s dearth of domestic savings, a limit to growth

The government’s move to cut interest rates in order to boost economic activity has brought the debate on potential economic growth back on the table. Most analysts believe that Brazil’s potential GDP growth rate, the long term rate that can … Continue reading

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India’s industrial production

Despite unfavourable conditions like stringent borrowing costs, high inflation and weak global demand, India’s index of industrial production (IIP) grew by 6.8% on an annual basis in January, the fastest rate of growth in seven months and above our expectation … Continue reading

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