India and Canada Post Strong Growth

by Marilou Long on June 1, 2010

in Credit Crisis,Economic Indicators,Employment,Foreign Markets

Both India and Canada are showing strong signs of growth.  India”s GDP was up 8.6% for the first quarter.  From the Financial Times article:

India, the world’s fastest growing large economy after China, has returned to almost where it was before the global financial crisis struck in October 2008.

On Monday, the Central Statistical Organisation showed the economy was in touching distance of a talismanic 9 per cent growth rate, having expanded 8.6 per cent in the quarter ending in March compared with the same period last year.

For the entire year, India’s economy grew 7.4 per cent. This year, Pranab Mukerjee, the finance minister, expects it to top 8.5 per cent on its way to 10 per cent in years Et spill for alle elskere! Du kan spille opp til fem bokser samtidig og i fullscreen hvis du vil. to come.”

Canada”s GDP expanded at a 6.1% rate for the same period with most sectors showing signs of growth.  I saw an ad this morning for the Province of Ontario touting their attractive tax rates for business.  In contrast, the euro hit a four year low this morning, and the Eurozone reported unemployment of 10.1%.  We think that the market will experience higher volatility as the problems in the European banking system continue to unfold.

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