World Economics Forum

Economy Condition The European recovery is strengthening and broadening appreciably. Real GDP growth is projected at 2.4 percent in 2017, up from 1.7 percent in 2016, before easing to 2.1 percent in 2018. These are large upward revisions—0.5 and 0.2 percentage point for 2017 and 2018, respectively—relative to the April World Economic Outlook . The 19-nation euro-zone bloc is already enjoying the strongest growth in a decade and now economists at Credit Suisse Group AG and Oxford Economics are declaring that it’s heading toward a golden period of low-inflationary expansion. The European recovery is spilling over to the rest of the world, contributing significantly to global growth. In a few advanced and many emerging economies, unemployment rates have returned to pre-crisis levels. Most emerging market European economies are now seeing robust wage growth. In many parts of Europe, however, wage growth is sluggish despite falling unemployment.Risks appear more balanced over the nea...

In India, growth slowed in recent quarters on account of disruptions from the currency exchange initiative (“demonetization”) in November 2016 and, more recently, the rollout of the goods and services tax, a landmark tax reform that is expected to unify the domestic market and encourage businesses to move from the informal to the formal sector. Inflation has been low compared with the mid-point target in recent months, driven by lower food prices, allowing the central bank to cut its policy rate in August. In India , growth was revised down to 6.7 percent in FY2017 and to 7.4 percent in FY2018, reflecting the recent slowdown in economic activity. Growth will be underpinned by private consumption, which has benefited from low food and energy prices, as well as civil service allowance increases. Headline inflation is projected to stay close to the midpoint of the target band (4 percent ±2 percent) in FY2017, while moving to the upper half of the target band in the medium term as fo...

Partisan politics in Washington under President Donald Trump are the biggest threat to the U.S. economy, a new survey shows. The Bankrate.com  survey  of over 1,000 people released Wednesday shows that 36 percent of Americans believe the divisive political environment could spur economic decline over the next six months. That’s more than the next two perceived sources of fiscal collapse—North Korea’s nuclear program (24 percent) and high interest rates (10 percent)—combined. “Democrats, college graduates and middle-income households have the strongest distaste for what’s happening in the nation’s capital,” Ted Rossman, public relations director at Bankrate, said in a statement emailed to  Newsweek . “Three groups are more likely to fear North Korea than domestic politics: Republicans, Hispanics and Southerners.” Another  NBC News/GenForward  survey  published Wednesday reaffirmed the distaste over Washington among several ...

The Union Cabinet recently approved gold monetization scheme and Sovereign Gold Bonds. The Main objective behind the launch of gold monetization scheme and Sovereign Gold Bonds is to reuse the household gold which lying in lockers & cupboards of Indian homes. and also reduce reliance on import of gold. This gold monetization scheme and Sovereign Gold Bonds scheme will help in reducing the demand for physical gold. As we know most of the demand for gold in country is met through imports, this scheme will help in maintaining India’s Current Account Deficit in limits. Let’s take a look at key features of Gold Monetization scheme and Sovereign Gold Bonds. Gold Monetization Scheme (GMS): 1    1.   Gold Monetization Scheme (GMS) allows jewelers and investors to deposit physical gold in banks. This scheme allows Rich Temples of India to deposit the gold in the bank. Eg. Padmanabhamswamy temple Kerala ,   Tirupati Balaji temple ,   Saibaba temple shirdi etc....