Posts Tagged ‘threat’
Indian economic growth slows in Q2
According to the finance ministry, India’s economy expanded by 7.7% in the April to June period – much slower than the 8.8% growth in the same period a year earlier. It was the weakest growth in six quarters and was attributed to a slowdown in construction activity. Construction saw an increase of just 1.2% during [...]
BIS warns of low interest rates
In its annual report, the Bank for International Settlements (BIS) has warned that global interest rates need to rise in order to tame inflation. The report also said low interest rates are a threat to world financial stability. In the aftermath of the financial crisis, central banks opted to slash interest rates in an effort [...]
Japan ends 2 years of deflation
The Statistics Bureau has today revealed Japan has overcome deflation for the first time in 25 months after consumer prices rose by 0.6% last month – in line with forecasts. A short period of deflation (where prices fall rather than increase) is a serious threat to an economy because it deters consumers and businesses from [...]
Travel chaos looms as Iceland volcano erupts
There are further fears for air travel today after Iceland’s Grimsvotn volcano erupted, which led to the shutdown of the country’s airports with 6,000 passengers affected by cancellations so far. According to forecasters, the plume from the volcano could drift to northern Scotland tomorrow and the rest of Britain by the end of the week. [...]
India lifts interest rates further to combat inflation
The Reserve Bank of India (RBI) has today raised key interest rates for the eighth time in less than a year, in a bid to tame stubbornly high inflation in a thriving economy. The move, which was widely expected, saw the central bank raise its repo rate, at which it lends to banks, to 6.75%, [...]