Brighter growth prospects for India & China in Q4
The Economist Intelligence Unit on Wednesday said that while it expects third-quarter GDP growth to be weak across most of the world’s biggest economies, it is optimistic that India and China are projected to see accelerated economic growth in the fourth quarter of this year. The latter outlook has been attributed to the trends in the US and the European Union. In the third quarter, India’s real GDP growth is estimated to be 1% on a quarter-on-quarter basis and is projected to rise to 2.20% in the fourth quarter, according to the report.
“Of the G7 and BRICS economies, only India and the UK are expected to post third-quarter results that show an acceleration from the second quarter. In the case of the UK, however, there is limited cause for celebration, as this only represents a recovery from a disastrous second quarter,” the report said.