For all its single-minded focus on lowering inflation, India's central bank may be forced to acknowledge slowing growth in Asia's third largest economy by cutting interest rates -- probably faster than it expected.
from Expert Zone:
There is a complex web of interconnectedness between a slowing China, a recovering India, a restless exchange rate, and elusive exports. However, as we parse through these, a single message emerges – structural reforms to strengthen domestic markets may more than offset possible disruptions caused by an economic slowdown in China.
South Africa's second quarter growth undershot economists' expectations in spectacular fashion on Tuesday, a clear signal emerging markets face torrid times.