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IMF cuts China's 2019 economic growth forecast to 6.2% from 6.3%

Wednesday, June 5, 2019, 7:45 PM

The International Monetary Fund (IMF) on Wednesday cut its 2019 economic growth forecast for China to 6.2% on heightened uncertainty around trade frictions, saying that more monetary policy easing would be warranted if the Sino-U.S. trade war escalates. "Growth is expected to moderate to 6.2% and 6.0% in 2019 and 2020, respectively," said the IMF's Deputy Managing Director David Lipton in a statement.
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Indian data issues: Economists are now creating their own benchmarks

Thursday, May 9, 2019, 8:12 PM

Economists and investors are increasingly showing that they have little or no confidence in India's official economic data presenting whoever is elected as the next prime minister with an immediate problem. There have been questions for many-years about whether Indian government statistics were telling the full-story but two recent controversies over revisions and delays of crucial numbers have taken those concerns to new heights.
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Global military spending at new post-Cold War high, fueled by US, China: Think-tank

Tuesday, April 30, 2019, 7:53 AM

Global military expenditure reached its highest level last-year since the end of the Cold War, fueled by increased spending in the United States and China, the world's two biggest economies, a leading defense think-tank said on Monday. In its annual report, the Stockholm International Peace Research Institute (SIPRI) said overall global military spending in 2018 hit $1.82 trillion, up 2.6% on the previous year.

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