MACRO ECONOMIC NEWS

TOGETHERNESS IS THE ESSENCE OF COMING DAYS. WISHING A LOVING WEEKEND AHEAD.

Macro Economic News 30 Nov 2019

 

India's wettest monsoon in 25 years could lift 2020 wheat output to record. India's annual economic growth slowed to 4.5% in the July-September quarter, its weakest pace since 2013, putting pressure to speed up reforms as five rate cuts by the central bank have failed to boost investments. India’s sharp economic slowdown is hurting rural residents as the prices of the commodities they grow and sell are rising more slowly than the things they buy. India’s fiscal deficit for April-Oct at 102.4% crosses full year target while non-food credit growth rate at 8.3%, down from 13.4% in year-ago period. China is leaving the door open for a trade deal with the U.S., even as it noisily complains about President Trump’s signing of a bill supporting Hong Kong’s anti-Beijing protesters although China financial warning signs are flashing almost everywhere. Japan govt mulls over $92 billion stimulus package to spur growth. European Banks Pile Into Risky Loans as Economic Outlook Darkens. The U.S. economy headed into the holiday-shopping season on solid ground with a pickup in household spending and orders for long-lasting factory goods. An unprecedented frenzy of debt sales around the world is threatening to cool this year’s hot returns on corporate bonds. Companies have sold a record $2.43 trillion so far this year across currencies, surpassing previous full-year records.

 

FINANCIAL TIMES

[I]  US shoppers turn to their phones for Black Friday splurge

[I]  France seeks green standards for EU companies

[I]  Erdogan calls Macron ‘brain-dead’ over Nato comments

[I]  Iraq’s prime minister to resign after weeks of protests

[I]  India’s economic growth cools to six-year low

[I]  German move to keep tech groups out of non-EU hands

 

REUTERS

[I]  India's economic growth slows, pressure on Modi to speed up reforms

[I]  India's wettest monsoon in 25 years could lift 2020 wheat output to record

[I]  Japan govt mulls over $92 billion stimulus package to spur growth: Nikkei

[I]  Ireland regains AA rating for first time since financial crisis

[I]  Global funds raise stock allocations at the expense of cash: Reuters poll

[I]  Expert Views: India's economic growth slows to 4.5% in July-September

[I]  India's economic growth slows to 4.5% in July-September quarter

 

BLOOMBERG 

[I]  China Financial Warning Signs Are Flashing Almost Everywhere

[I]  ECB’s Nominees Back Negative Rates And Warn of Side Effects

[I]  Hong Kong Stocks’ Sudden Tumble Catches Traders Off Guard

[I]  Record $2.4 Trillion Bond Binge Is Threatening Investor Returns

[I]  Charting the Global Economy: The Playgrounds of the U.S. Wealthy

[I]  European Banks Pile Into Risky Loans as Economic Outlook Darkens

 

WALL STREET JOURNAL

[I]  India’s Rural Residents Bear Brunt of Economic Slowdown

[I]  India’s GDP Growth Slows to More Than 6-Year Low of 4.5%

[I]  A Tight Job Market Insulates a Slowing Economy—and Perhaps Trump, Too

[I]  Mexico’s President Urges Quick U.S. Ratification of Trade Deal

[I]  Online Shopping Sets Strong Pace as Holiday Season Begins

[I]  New York Fed Adds $88.45 Billion to Markets

[I]  China Criticizes U.S. Support for Protests, Signals Trade Hope

[I]  China’s Manufacturing Resumes Growth

[I]  U.S. Growth Enters Fourth Quarter on More Solid Footing

BUSINESS LINE

[I]  GDP growth touches six-year low; dips to 4.5% in July-Sept

[I]  Fiscal deficit exceeds budget estimates during April-October on lower tax receipts

[I]  Cut in corporate tax rate was needed to spur investments, growth: CEA

[I]  Core sector contracts 5.8 per cent in October

[I]  India accedes to global green treaty on ship recycling

 

ECONOMIC TIMES

[I]  Japan won’t sign RCEP if India doesn’t join

[I]  Experts on GDP numbers: 'Worst is not past us'

[I]  Forex reserve hits fresh record high of $449 billion

[I]  Centre to come out with permanent solution to stubble burning: MoS Agriculture

[I]  Fiscal deficit for April-Oct at 102.4%, crosses full year target

[I]  Govt to bring tax refund scheme for exporters before Cabinet

[I]  Governance reforms take centre stage

 

BUSINESS STANDARD

[I]  GDP growth slows to 4.5% in Q2 as manufacturing, services disappoint

[I]  Property funds are in no hurry to invest in stressed realty projects

[I]  Mid-level IT jobs to face pressure in 2020; fresher hiring to remain robust

[I]  Slowdown blues: Services sector only bright spot for GVA growth rate

[I]  Oct non-food credit growth rate at 8.3%, down from 13.4% in year-ago period

[I]  Luck only gets you so far in India with growth sliding below 5%

[I]  India is in the midst of an investment and consumption slump, says expert

[I]  India announces $450 mn line of credit for infra development in Sri Lanka

 

Best Regards, ARBIND

30 Nov 2019