Five interest rate cuts since the start of the year hasn't stopped India's economy from slowing to its weakest growth rate since 2013, but the Reserve Bank of India (RBI) is expected to make its sixth cut on Thursday to give what little relief it can.
The number of Chinese companies failing to make payments will continue to rise in the year ahead as economic growth sputters and the government attempts to rein in support to indebted companies, according to Moody’s Investors Service.
A high-ranking official of the Lebanese Hezbollah resistance movement says the cash-strapped country can no longer accept wasting time for the government formation, as economic pressures mount and mass protests demanding departure of the ruling elite continue.
China’s economy was 2.1 percent bigger than earlier estimated, the government said Friday, revising the gross domestic product for 2018 to 91.93 trillion yuan ($13.1 trillion) based on results of a census.
The gross state product figures for the 2018-19 financial year reveal that Tasmania, the Australian Capital Territory (ACT) and Victoria were the strongest-performing states and territories, but that the weakness in the national economy is widespread and so too is the stagnation of household living standards.