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India's robust GDP growth has not translated into widespread benefits, with stagnant farm wages and sluggish consumption hindering progress. While affluent consumers drive premiumisation, broader economic health hinges on rising rural wages and enhanced farm productivity to stimulate overall consumption.
The government is at odds with the Reserve Bank of India (RBI) over proposed regulations that would require banks to increase their reserves for infrastructure loans and digital retail deposits. Concerns have been raised that these higher provisioning requirements could hinder credit growth, especially as banks are already facing challenges in raising deposits.
At COP29, ocean issues are gaining attention despite not being on the official agenda, with discussions on marine carbon solutions and sustainable financing taking place at the Ocean Pavilion. Advocates emphasize the need for countries to include specific ocean-based actions in their Nationally Determined Contributions (NDCs) to attract funding and combat climate change effectively. With 73% of coastal nations already incorporating ocean actions into their NDCs, the push for enhanced financing and recognition of ocean solutions remains critical.
Japanese Prime Minister Shigeru Ishiba is poised to announce a ¥21.9 trillion ($140 billion) economic stimulus package aimed at tackling inflation and promoting wage growth, as reported by NHK. This package includes ¥13.9 trillion from the general account and is slightly larger than last year's fiscal spending initiative. When combined with private sector contributions, the total impact is anticipated to reach approximately ¥39 trillion.
New Zealand's Treasury announced on Thursday that it is likely to revise down its economic and fiscal forecasts due to a persistent slowdown in productivity within the economy. This adjustment reflects ongoing challenges that may impact future growth and financial planning.
New Zealand's economic downturn has exceeded expectations, leading to increased pressure on tax revenues as the government faces challenges in reducing its budget deficit. Chief Economic Adviser Dominick Stephens indicated that further downgrades to economic and fiscal forecasts are likely, with updates set for release on December 17.
Home prices in major Asian markets are projected to rise in 2025, with Hong Kong expected to lead the gains, potentially increasing by up to 10%. Australia’s residential prices are forecasted to grow by 7% to 8%, while Singapore and Japan may see more modest increases of 3% and 2%, respectively.
Deere & Co., the largest farm machinery manufacturer, is expected to report its worst fourth quarter since 2020, reflecting a challenging period for the agricultural sector. Following two years of declining sales from the 2022 peak, uncertainty looms over the impact of President-elect Donald Trump’s policies amidst falling crop prices.
Germany is facing significant anxieties over deindustrialisation, particularly in Baden-Württemberg, home to major companies like Bosch and Mercedes. Minister Danyal Bayaz warns that the country has wasted the benefits of globalisation, leading to underfunding amid rising energy costs and increased competition from China, alongside potential tariffs from the U.S. This precarious situation threatens to collapse Germany's established business model.
McDonald's is set to launch a "McValue" offering in 2025, maintaining its $5 value meal and introducing a "buy one add one" option for $1 more. This initiative aims to retain customers amid rising restaurant costs, despite a recent decline in same-store sales and challenges from an E. coli outbreak linked to slivered onions. The company plans to invest over $100 million to support affected franchisees and enhance marketing efforts.
GDP Growth & Recession Forecasts
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
mass consumption essential for sustainable economic growth in india
04:24 21.11.2024
RBI faces criticism over proposed higher reserves for infrastructure loans
04:11 21.11.2024
cean solutions gain traction at cop29 despite limited official focus
03:22 21.11.2024
Japan plans 140 billion dollar stimulus to combat inflation and boost wages
02:43 21.11.2024
ew zealand treasury to revise economic forecasts amid productivity slowdown
23:44 20.11.2024
ew zealand treasury warns of deeper economic downturn impacting tax revenues
23:04 20.11.2024
property prices in asia projected to rise in 2025
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22:00 20.11.2024
deere faces tough fourth quarter amid declining farm economy and uncertainty
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germany faces industrial decline amid global competition and political uncertainty
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19:39 20.11.2024
McDonald's unveils 2025 value strategy amid rising costs and sales challenges
19:17 20.11.2024
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