Reserve Bank of India maintained status quo
on interest rates but the prospects of cuts seems in January. The inflation has
been below the Reserve Bank's projected levels over the past two months.
The slowdown in the Chinese economy appears
to now have bottomed out. While third quarter growth, at 7.4% y-o-y, is still
low compared to last year. The World Bank raised its 2013 economic growth
forecasts for China and developing East Asia. For the year 2013, World Bank
expect the region to benefit from continued strong domestic demand and a mild
global recovery that would nudge the contribution of net exports to growth back
into positive territory. Most countries in the region have retained their
strong macroeconomic fundamentals and should be able to withstand external
shocks. China was expected to expand by 8.4% next year, fuelled by fiscal
stimulus and the faster implementation of large investment projects.
Read
lot more in Rubber4U – 1st January 2013 issue
Meet us at India Rubber Expo 2013
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