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Japan’s industrial output fell in February at the fastest pace in eight months due to declines in production of machinery, cars and electronics in a worrying sign that domestic demand could be faltering. Economists were already braced for a fall as many companies were expected to trim output due to the timing of Lunar New Year holidays, but the 3.4 percent month-on-month decline in February was much worse than expected at almost [...]
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Indian Prime Minister Narendra Modi has asked for a drastic cutback of an ambitious health care plan after cost estimates came in at $18.5 billion over five years, several government sources said, delaying a promise made in his election manifesto.
Modi has had to make difficult choices to boost economic growth – his government’s first full annual budget, announced last month, ramped up infrastructure spending, leaving less f [...]
Consumer price inflation fell to zero in February, and is expected to fall further below in the first half of this year. But the possibility of a prolonged period of downward spiraling prices is very low in the UK, BoE Deputy Governor Ben Broadbent said today.
In a speech given today at the Imperial College Business School in London, Broadbent said that the UK is currently experiencing “good” deflation, which he said is deflation t [...]
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