India: PM Claims Growth Target Can Be Achieved In Q1
According to Reuters, the Indian economy can grow an annual 5.2% in the quarter to end-March on higher farm output growth, the chairman of the Prime Minister’s Economic Advisory Council said on Friday.
Eurozone: ECB Prepares Anti-deflation Measures
Reuters reports that the European Central Bank (ECB) has been preparing additional non-standard policy steps to prevent a deflation in the Eurozone. ECB President Mario Draghi announced that the ECB,”stands ready to take further decisive action if needed.”
United Kingdom: George Osborne Is Under Pressure To Lift The 40 Percent Top Tax Threshold
As stated by the BBC, Chancellor of the Exchequer George Osborne is increasingly set under pressure to lift the threshold from which on earners are charged with the top 40 percent income tax. Currently, this value is fixed at GBP 41,451. The proponents of this initiative, among which figures former Chancellor Lord Lamont, argue that currently far too many people are charged with the 40 percent rate.
China: Stock Markets Are Driven By China Economy Fears And Tensions In Ukraine
According to abc NEWS, over the last week, the development of the stock markets has substantially been driven by dissappointing news regarding China’s economic growth and political tensions in the Ukraine. In Europe, the FTSE 100 index of British shares and the CAC-40 in France fell 0.4% and 0.8%, respectively. Further, Russia’s main index RTS decreased 1.4%.