Halt austerity, avoid recession: UN to rich nations

While growth in India and China is likely to remain robust, the rest of the world risks falling back into recession if developed countries embark prematurely on fiscal austerity measures, says a......

Macroeconomic doyen passes away

K Krishnamurty, fondly known among peers as 'KK', an eminent and first-generation macro economist, passed away at his home in Hyderabad on the early hours of November 23. He was 76.He graduated......

India to record 7.9% growth this fiscal: UN

The United Nations has projected a growth of 7.9 per cent for India in the current fiscal as it hailed the country along with China for leading developing nations to recovery from the worst......

World economy may shrink 2.6% in 2009: UN

The United Nations has forecast the world economy to shrink 2.6 per cent in 2009, downgrading the already-pessimistic estimate made five months ago. "The world economy is expected to shrink by 2.6......