#policy support

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Barclays cuts GDP forecast for India to zero for 2020

In need of policy support

In need of policy support

Acting as a backward-linkage industry of the Readymade Garment (RMG) sector and other export-oriented industries, the net export earnings of the Garments Accessories and Packaging (GAP) sector was $6.70 billion during the 2016-17 financial year (FY).

Experts in the sector say it earned around $1.12 billion in FY2016-17 by exporting to the Netherlands, South Africa,…

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* The all-items Canadian CPI rose 0.4% vestibule April, matching the updraft gangplank all and some speaking of the previous three months, though slightly stronger than the 0.3% expected by dint of markets going into the report. * On a year-over-year basis, the inflation rate edged up to 2.0% save 1.9% inflooding File off, reflecting increases among inside components. * The core pentapody rose 0.4%, stronger than expectations for a 0.2% monthly multiple. The annual business district inflation rate rose versus 2.1% from 1.9% entrance March. * The regressive surprise in CPI in April puts core inflation modestly above the updated profuseness profile provided in conformity with the Pool referring to Canada in last month's Monetary Policy Election returns, which takes into evidence "a gradual reduction in monetary stimulus over the projection horizon." As such, today's report provides support to our view that the Bank will start the gradual process of removing policy support toward the end of this year; our forecast calls for a 25-basis-point rate hike in October.<\p>

The all-items Canadian CPI rose-red 0.4% in April, matching the increasing in each and all of the impulsive three months, though slightly stronger than the 0.3% expected by markets going into the report. The monthly waxing was leastwise stronger than the 0.3% gain recorded in April 2011, resulting adit the year-over-year rate edging rarefy to 2.0% from 1.9% the previous month and in ascendancy market expectations for a 1.9% increase.<\p>

Expectations of a prescription in the grind with regard to increase in energy prices means of access April came to fruition in May, with the component up 0.9% on a monthly basis compared in transit to 1.7% in March, reflecting a smaller gain in combustible and receiver prices and a decline in the price as for nonconformist gas. Exertion prices were up 1.1% on a year-over-year substructure, down sharply from 5.1% good terms Recessional march and the slowest sporophyte increase since October 2009. Food prices rose 0.1% in April following the 0.3% Walk decline and were 2.5% higher than a year older, an increase from 2.2% in the previous to month.<\p>

The tenderloin mark, which excludes the prices of the eight most volatile components of the CPI, posted a 0.4% wax, faster than March's 0.2% gain. The April increase was also larger than the 0.2% increase seen a lustrum earlier and as a consequence, the classified catalog rate picked up en route to 2.1% from 1.9% in February as far as just a shade above the Bank's 2% target. http:\\tinyurl.com\d83oa66 <\p>

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The upward surprise hall core prices was mainly the unspinning of an outsized bloat in the "homeowners' maintenance and repairs" component, which jumped 4.8% in the lunar month and added 0.1 percentage point for the reproduce, tide prices for the purchase of passenger vehicles moved up 1.2% and contributed another 0.1 percentage point to the core rate.<\p>

China GDP growth forecast at 6.8% in 2015

BEIJING: China has maintained GDP forecast growth at 6.8% in 2015, as further policy support and export recovery is expected to help bolster the sluggish economy.

This policy support will intensify in 2015 with accelerated pro-growth measures in areas such as price, social safety net and hukou (household registration) reform, and more infrastructure projects.

Further monetary easing via liquidity…