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In May 2009, India reported an economic growth rate of 5.8%, beating most forecasts. [43] In second quarter of 2009 the Indian economy grew by 7.9% and gave indications that the Indian economy would scale a growth rate of 7% or above in 2009 and 8-9% in 2010. In the 3rd Quarter of 2010, the economy had bounced back with a growth rate of 8.8%.
The economic stimulus plan was seen as a success: While China's economic growth fell to almost 6% by the end of 2008, it had recovered to over 10% by in mid-2009. Critics of China's stimulus package have blamed it for causing a surge in Chinese debt since 2009, particularly among local governments and state-owned enterprises.
The Group of Two (G-2 or G2) is a hypothetical and an informal grouping made up of the United States of America and People's Republic of China that was first proposed by C. Fred Bergsten and subsequently others. [1] [2] While the original concept had a strong economic focus, more recent iterations have a more all-encompassing focus. [3]
Last week, I wrote that "most of what was expected to shape the past 30 years never happened, and what did shape the past 30 years was never expected." We live in an unpredictable world, but this ...
Chinese inflation 1987 - 2022. The economic history of China describes the changes and developments in China's economy from the founding of the People's Republic of China (PRC) in 1949 to the present day. The speed of China's transformation in this period from one of the poorest countries to one of the world's largest economies is unmatched in ...
In 2008, the Federal Reserve was caught flatfooted by the subprime mortgage loan crisis and housing bust that triggered the Great Recession. Today, the Fed appears to be making a similar mistake ...
With Biden's potential reelection on the horizon, economists are closely watching how a second term could impact interest rates across the economy. From the housing market to big initiatives like...
On April 1, 2009, Obama and Hu Jintao announced the establishment of the high-level U.S.–China Strategic and Economic Dialogue co-chaired by Hillary Clinton and Timothy Geithner on the U.S. side and Dai Bingguo and Wang Qishan on the Chinese side. On May 16, 2009, Obama announced his intention to nominate Jon Huntsman Jr., then Republican ...