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{ Category Archives } Global Economy

U.S. Market Outlook - September 2008

To be sure, the U.S. economy is in the midst of a painful structural adjustment process.  And, not surprisingly, the consumer is at the epicenter of the crisis.  After years of excess consumption, overextended consumers will have to significantly reduce consumption and increase savings to restore their financial health.  Moreover, since consumer spending constitutes 70% of GDP, many economists fear that this “deleveraging” process may plunge the U.S. economy into a deep and protracted recession.   ... Read full article


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2008 09 09 Comments (0)

India’s Economy Growing at 10%

During a recent interview with CNBC India, Mr. K.V. Kamath, CEO ICICI Bank stated that India’s economy was growing at 10%.  If accurate, the significance of this achievement cannot be overstated.  India has long aspired to fulfill its post-Independence tryst with destiny by emulating the economic success of Japan and China; which sustained double-digit economic growth rates for over twenty years.  Yet skeptics averred that India’s economy would always remain hobbled by its fractious democracy, which made it difficult to push through the kind of reforms that were necessary for achieving double-digit growth.  The lumbering Indian Elephant, it was believed, would never be able to catch up with the Asian Tigers or the Chinese dragon.... Read full article


2008 01 14 Comments (0)

2008 India Outlook

The Indian economy is likely to continue to grow at 9% per year during 2008 as a result of robust corporate investment.  In many ways, 2008 may prove to be a watershed year for India, as the country crosses several significant milestones, outlined below.... Read full article


2008 01 09 Comments (3)

2008 U.S. Outlook

The latest U.S. economic data portends a significant slowdown in economic growth – not a recession.   The U.S. unemployment rate has jumped from 4.7% to 5.0%, which is comparable to unemployment levels during 2005 and 1997. Significantly, wage growth continues to expand at an annualized rate of 3.7%, which should help bolster consumer spending (70% of the economy).   ... Read full article


2008 01 08 Comments (2)