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India’s cash crunch seen biting into economic growth

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Trade-offs between economic growth and deforestation — ScienceDaily

Trade-offs between economic growth and deforestation -- ScienceDaily*/

– Economic growth in poor countries increases along with deforestation rates, but the effect disappears in wealthier economies, according to a new study published in the journal Scientific Reports.Although economic development has long been assumed to be a driver of deforestation, there has been little reliable data to support the theoretical link.In the new study, researchers combined satellite data on forest cover with economic data from 130 different countries.
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China economic growth to slow slightly this year as policymakers focus on risks

China economic growth to slow slightly this year as policymakers focus on risks*/

– A Chinese flag is seen near a construction site in Beijing’s central business area, China, January 17, 2017.REUTERS/Jason LeeBEIJING China’s economy will likely expand 6.5 percent this year as authorities tolerate a further slowdown so they can focus on containing increasing financial risks, but a weakening yuan will complicate their policy choices, a Reuters poll showed.The forecast would represent only a mild cooling from 2016’s expected growth of 6.7 percent, but would likely mark the seventh straight year of slower growth as China looks to reign in excessive debt and increasingly unproductive investment while boosting the consumer sector.
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Modest economic growth not an indication of revived global demand – UN report

Modest economic growth not an indication of revived global demand – UN report*/

– 17 January 2017 – A modest global recovery is projected for 2017-18 should be seen as more of an indication of economic stabilization than a signal of a robust and sustained revival of global demand, a new United Nations economic report has found.According to the UN flagship World Economic Situation Prospects 2017 report (WESP), the world economy expanded by just 2.2 per cent in 2016, the slowest rate of growth since the 2009 global recession.World gross product is projected to grow by 2.7 per cent in 2017 and 2.9 per cent in 2018, a slight downward revision from the forecasts made last May.
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India’s cash crunch seen biting into economic growth

India's cash crunch seen biting into economic growth*/

– BENGALURU: India’s economy lost momentum in the final three months of 2016 after Prime Minister Narendra Modi ‘s ban on high-value notes hurt consumption and businesses but it is set to pick up this quarter, a Reuters poll found.Having posted growth of above 7 per cent for six consecutive quarters, India’s gross domestic product is expected to have expanded just 6.5 per cent in the October-December quarter – the weakest in nearly three years.The poll also suggested growth would remain below 7 per cent in the first quarter of 2017, at 6.9 per cent.India’s GDP for the fiscal year to March 2017 is expected to grow 6.9 per cent, according to the poll of over 20 economists.That is higher than the International Monetary Fund’s estimate of 6.6 per cent.”If the demonetisation exercise has led to some permanent supply-side disruptions, growth could be weaker for longer,” wrote Pranjul Bhandari , chief economist for India at HSBC, in a note.The November 8 announcement of the ban on high-value notes, which coincided with Donald Trump’s US Presidential election victory, has caused major disruptions in the cash-reliant economy.Industrial and services output have been hobbled, with a survey earlier this month showing private sector activity contracted in December.
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India’s GDP growth in 2016 17 came in at 7.1%, in line with the official estimate picture-12865-310x165

India’s GDP growth in 2016-17 came in at 7.1%, in line with the official estimate

India’s GDP growth in 2016-17 came in at 7.1%, in line with the official estimate. …