Word: inflationitis
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That realization is causing a rapid shift in economic policies by governments that are increasingly concerned about maintaining growth. A few months ago, the biggest threat appeared to be inflation - running at double-digit rates in countries including Indonesia, India and Vietnam - which led Asian central bankers to hike interest...
Now comes the hangover as the middle class gets squeezed by soaring living costs - India's annual inflation rate is running at about 13% - and more expensive debt. Navtej Singh, a 48-year-old property agent in the northern state of Haryana, was horrified last month when the interest rate...
Nath and other government officials have been trying to reassure businesspeople and the markets that slower growth is a good thing - it might help get inflation under control - but the public isn't cheered. Opening this month is a new movie titled EMI, which stands for "equated monthly installments," an...
With the most popular big hotel now destroyed and local restaurants frequented by westerners the target of extremists - Luna Caprese, one of the few places in this Islamic country where you could have a glass of wine with a meal, was bombed in March - Islamabad's sleepy night life has...
"Britain's growth will continue into its 59th quarter and then into its 60th and 61st quarter and beyond ... Inflation has fallen from 3% to 2.8%, and will fall further this year to 2% ... Looking ahead to 2008 and 2009, inflation will also be on target. And we will never...