The International Monetary Fund has said the global economy in 2009 is likely to contract for the first time since the Second World War.
The employment rate in the 16-nation euro area fell 0.8 per cent in the first quarter of 2009 as recession tightened its grip on the region's economies.
'One way of doing this could be offering credit guarantee to the banks, say 10 per cent, for fresh loans given to micro, small and medium enterprises,' observes Tamal Bandyopadhyay.
The indicator, designed to flag turning points in the economic cycle, suggested there was "stable growth momentum" in the bloc of mostly wealthy developed nations, the OECD said.
Indian economy is witnessing stable growth momentum, says OECD.
Amid a grim global scenario, India will have to labour hard to hold on to seven per cent growth in 2016-17.
Outlook for external sector is the most favourable.
Following another disappointing year in 2014, developing countries should see an uptick in growth this year, boosted in part by soft oil prices, a stronger US economy, continued low global interest rates, and receding domestic headwinds in several large emerging markets, it added.
India's CLI has been on the rise since October 2014.
Besides India and China, the Organisation for Economic Cooperation and Development has projected weak growth for Brazil and Russia as well.
'The current crisis is one of incomes, driven by poor job growth, agrarian distress and poor investment sentiment,' notes Harsh Pati Singhania, director, JK Organisation.
We have to wait and see whether Jaitley's Budget speech translates into actions and desired outcomes, says T N C Rajagopalan.
India's economic growth is gaining momentum, Paris-based think tank OECD said on Monday amid the new government initiating various measures to bolster the economy.
It had upped India's rating to Baa2 from Baa3 and changed its rating outlook to 'stable' from 'positive', saying the reforms would help stabilise rising levels of debt.
Indian economy's growth is expected to be "below trend" even as neighbouring China and most of the developed nations are expected to see better prospects, according to Paris-based think tank OECD.
Only India is anticipated to witness better growth momentum among the BRIC bloc
The Organisation for Economic Cooperation and Development is a grouping of 34 countries.
The Finance Ministry expects GDP growth to be 8-8.5 per cent in 2015-16.
Launched in September 2013, the Conference Board Leading Economic Index for India, conceptualised back to April 1990, has successfully signalled turning points in the economic cycles of India.
The downgraded World Bank forecast follows a similar move by the International Monetary Fund, which cut its growth forecasts two months ago
India Inc said policymakers should take doable steps to revive fixed investments and production of capital goods
The G20 has cited India among other countries for launch of major investment initiatives and for having a sustainable growth.
The total value of assets held by India's financial institutions touched nearly $2.8 trillion, the third largest among BRICS nations, in 2013.
IMF expects growth to pick up to 7.2 per cent.
The latest reading from the Organisation for Economic Cooperation and Development comes amid rising concerns about India's growth prospects on account of the falling rupee and relatively sluggish investments.
Risk sentiment is likely to be favourable if oil prices stay benign, global growth sentiment remains robust and the dollar index does not break out, says B Prasanna.
Is India really one of the cheapest nations to live in?
India is projected to grow at 6.3 per cent in 2015 and 6.5 per cent in 2016, when it is likely to cross China's projected growth rate of 6.3 per cent, the IMF said.
Growth in emerging market and developing economies will slow to 4.4 per cent in 2014, before rising to 5.0 per cent in 2015, it said.
Projecting economic recovery, ADB on Wednesday said India is likely to record 4.7 per cent growth in current fiscal which will improve to 5.7 per cent next year.
Christine Lagarde said the prospect of rising interest rates in the US and China's slowdown are contributing to uncertainty and higher market volatility.
Global economy will have to grapple with few tough situations in 2015.
The global lending agency also said that Brexit has resulted in global economic uncertainty.
Indian equities are in a multi-year bull story with capex cycle recovery as the main driver.
Growth has slowed in some of the large emerging economies, its interim economic assessment report added. "One factor has been a rise in global bond yields -- triggered in part by an expected scaling back of the US Federal Reserve's quantitative easing -- which has fuelled market instability and capital outflows in a number of major emerging economies, such as India and Indonesia.
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Indian economy is seeing signs of upward momentum helped by gradual reduction of inflationary pressure though the country's growth still remains "relatively weak", according to Paris-based think tank OECD.
The elements are all aligned to make India a global powerhouse, says IMF Managing Director Christine Lagarde.
Foreign direct investment in India has increased by about 35 per cent to $13.6 billion during the first half of 2013 with merger and acquisitions accounting for the bulk of inflows, says an UNCTAD report.
IMF said in 2017, India is likely to grow at the rate of 7.2 per cent instead of the earlier projected 7.6 per cent.
Global growth, according to IMF, likely to be lower at 3.3%
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