But returning India to the growth rates seen a few years back 'may be a tall order,' says Jan Hatzius, Goldman's chief economist.
India on Friday said its economy grew by 4.5% in the three months to September from the same period a year ago — the slowest growth rate in six years.
The third-largest economy in Asia should stage a rebound in 2020 as global conditions are set to improve, said Jan Hatzius, chief economist at Goldman Sachs.Ramesh Pathania | Hindustan Times | Getty Imageshas slowed down significantly this year — but the third-largest economy in Asia should stage a rebound in 2020 as global conditions are set to improve, according to Goldman Sachs.
That said, the extent of the recovery will likely be modest instead of returning India to the growth rates seen a few years back, said Jan Hatzius, the investment bank's chief economist and head of global economics and markets research. "As we go into 2020, we think there's a tentative sense of stabilization in the Indian economy," Hatzius told CNBC's
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
India fast tracks rape trial as Bachchan calls for 'lynching' of rapistsFour men were arrested in the suspected gang-rape and murder of a Telangana vet whose burned body was found last week. Former Bollywood star and lawmaker Jaya Bachchan is under fire for promoting mob-justice after saying rapists should be lynched.
Weiterlesen »
Turkish economy returns to growth, government eyes acceleration in 2020Turkey's economy grew 0.9% year-on-year https://tmsnrt.rs/2P6vV18 in the th...
Weiterlesen »
House GOP lays out defense of Trump on Ukraine, says he wasn't looking at 2020New report by House Republicans argues Democrats have not presented clear evidence Pres. Trump's Ukraine actions were done specifically to “benefit in the 2020 election.'
Weiterlesen »
Election 2020: Tom Steyer Wants to Rewrite Rules for Big CorporationsBillionaire Tom Steyer sat down with WSJ’s Greg Ip to discuss the economic challenges of climate change and how he would treat big banks if he were president.
Weiterlesen »
The global economy is ‘bottoming out,’ and that’s good news for stocks, says Deutsche BankAs some upbeat data from China cheers up markets, our call of the day from Deutsche Bank strategists chimes in with its own all-clear on the global economic...
Weiterlesen »
Charts show stocks will face pressure through most of Q1 2020, Jim Cramer saysInvestors are turning from bullish to bearish and Larry Williams suggests investors 'try to sidestep the pain here,' the 'Mad Money' host says.
Weiterlesen »