“So, our own estimate is 6.8% for GDP growth and we have seen in the last two-three quarters a big variance actually between GDP growth and GVA growth. One is sort of from the demand side, the other is from the supply side. And we do think the GVA growth is going to continue to … Read more
Don’t blame Japan. Don’t be overwhelmed by the US job numbers. And, learn to live with the periodic exploits of a seemingly endless cast of zealous, mercurial characters in the Middle East. These are just good reasons and strong triggers, probably transient, for large sophisticated international investors to pull back from a market that most … Read more
Fiscal conservatism has more or less vanished from America’s political landscape. Government borrowing, despite the strong economy, continues to push public debt to record levels – and the presidential contenders and their parties say scarcely a word about it. To the extent they discuss economic policy at all, their intentions on taxes and public spending … Read more
