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Declining economic growth, rising Inflation and widening trade and fiscal deficits

Declining economic growth, rising Inflation and widening trade and fiscal deficits

The Global downturn and drought have been underlying reasons for the deteriorating economic conditions that have arrested this year’s growth and generated a higher inflation rate. It is now more certain that the economic growth rate of 6 per cent that we predicted in this column of June 14th is likely owing to the adverse [...]

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