( Started again: Financial pundits and their divine Bullshit !! )
India, China leading global economic recovery: Moody's
3 Sep 2009, 2059 hrs IST, PTI
NEW DELHI: Boosted by good growth in India and China, the world economy is starting to recover from the one of the worst financial crisis in
decades, says Moody's.
Despite the global slowdown, two of the world's fastest growing economies -- India and China -- have witnessed growth. For the April-June quarter, the Chinese GDP expanded by 7.9 per cent while that of India grew 6.1 per cent.
"The world economy is starting to recover thanks to renewed growth in China and India," Moodys' Economy.com, which is part of Moody's, said in a report.
The US economy mired in recession since December 2007, is seeing signs of recovery and in the second quarter of this year, its GDP shrank much less than expected at 1 per cent.
Apart from Asia, economies in the European, North American and Latin American regions are also bottoming out.
India, China leading global economic recovery: Moody's
3 Sep 2009, 2059 hrs IST, PTI
NEW DELHI: Boosted by good growth in India and China, the world economy is starting to recover from the one of the worst financial crisis in
decades, says Moody's.
Despite the global slowdown, two of the world's fastest growing economies -- India and China -- have witnessed growth. For the April-June quarter, the Chinese GDP expanded by 7.9 per cent while that of India grew 6.1 per cent.
"The world economy is starting to recover thanks to renewed growth in China and India," Moodys' Economy.com, which is part of Moody's, said in a report.
The US economy mired in recession since December 2007, is seeing signs of recovery and in the second quarter of this year, its GDP shrank much less than expected at 1 per cent.
Apart from Asia, economies in the European, North American and Latin American regions are also bottoming out.
