US economy appears fundamentally solid: Yellen
The Dollar Business Bureau Federal Reserve Chair Janet Yellen on Monday stressed that despite a relatively weak GDP growth rate early this year, the US economy looks fundamentally solid.“The economy has registered considerable progress over the past several years toward the Federal Reserve's goals of maximum employment and price stability, and there are good reasons to expect that we will advance further toward those goals,” Yellen said at the World Affairs Council in Philadelphia.Listing out some of the positive facets of the current US economic scenarios, Yellen said the US’s overall labour market seems to be good, with rising household income, increasing customer spending, low energy prices, controlled inflation and signs of faster wage growth.She underscored that the domestic demand continues ...
FM sees FY16 GDP growth at 7.6%
Source: PTI Pegging India's GDP growth rate at 7.6% for the fiscal 2015-16, Finance Minister Arun Jaitley on Thursday said it is "much less" than its potential and expressed hope for better numbers next year. Jaitley also said that India earlier had a bad reputation of not being the best place to do business, but the governments at the Centre and states have made considerable headway in reforming the system. "As the current financial year ends today, we hope to finish this year at 7.6% growth rate which is much less than our potential... we are hopeful that we will do better than this next year.” "Our current account deficit is well under control, inflation rate is under control. In last ...
