There’s no doubt that Russian President Vladimir Putin has been instrumental in keeping Russian economic highs and lows firmly on the global geopolitical stage during his time in office. Alternating as both prime minister and president of Russia since late 1999.
Goldman Sachs economists have cut their forecasts for China growth forecast in 2021 as the world’s second-largest economy faces “yet another growth shock” in the form of constraints on energy consumption.
Britain inflation unexpectedly jumped above the Bank of England’s 2.0% target in May when it hit 2.1% and looks set to rise further as the country re-opens its economy after its Covid-19 lockdowns.
RBI (Reserve Bank of India) has cut its forecast of real GDP growth at 9.5 per cent in the current financial year (2021-2022). RBI Governor Shaktikanta Das said the economy is likely to grow at the rate of 18.5 per cent in the first quarter, 7.9 per cent in the second quarter, 7.2 per cent in the third quarter and 6.6 per cent in the fourth quarter.
Economy of Hong Kong has rebounded sharply after being hit by the Covid-19 pandemic — but it’s not out of the woods yet and some sectors are still reeling, said the city’s top trade official.
Chinese GDP Growth: China’s target of more than 6% growth for this year is not very meaningful because it can be easily reached — but that’s not necessarily a bad thing, according to expert analysts.
Finally there is some good news for savers as interest rate on fixed deposit (FD) may go up starting from April 2021 as the Reserve Bank of India plans to restore the Cash Reserve Ratio (CRR) of banks to the earlier level of 4%.