What financial crisis happened in 2011?
In finance and investing, Black Monday 2011 refers to August 8, 2011, when US and global stock markets crashed following the Friday night credit rating downgrade by Standard and Poor’s of the United States sovereign debt from AAA, or “risk free”, to AA+.
Was there a recession in 2012 UK?
There was much speculation of a ‘double dip’ recession during the 2010s, but this proved not to be the case. However, the 2010s saw four separate periods of quarter-on-quarter fall in growth: 2010 Q4 (−0.4); 2011 Q4 (−0.1); 2012 Q2 (−0.5); and 2012 Q4 (−0.2).
What is the economy of India in 2013?
Smart farm sector growth spurred India’s economy to grow 4.7 per cent in 2013-14, according to the gross domestic product (GDP) provisional estimates released on Friday. The GDP growth rate in the previous year was a decade-low of 4.5 per cent.
What was the US economy like in 2013?
However, as 2013 drew to a close, the shutdown and looming default threatened to derail an economy that was still in recovery. When 2013 began, the unemployment rate was 7.9 percent. By September 2013, unemployment had fallen to 7.2 percent, which was still historically high, but the lowest it had been in five-years.
When did 2008 crash start?
2007
Financial crisis of 2007–2008/Start dates
What was the size of the Indian economy in 2012?
With the revised GDP numbers, the size of the Indian economy now stands at $1.6 trillion in 2012-13 at the rupee’s Friday value of 62.66 against the dollar.
What is the growth rate of the Indian economy?
The Indian economy, which is driven by the service sector, private enterprise and domestic demand, is expected to face its lowest growth in ten years. The first two quarters of 2012 followed the downward trend of 2011 with a growth rate of 5.5 and 5.3 per cent respectively.
What was GDP growth in 2012-13 fiscal year?
Chidambaram had faulted the CSO methodology when it first projected 5% GDP growth for 2012-13 in February last year, holding that the economy was turning around and growth will be “closer to 5.5%” during the fiscal year. For the current fiscal year, too, Chidambaram expects growth to remain above 5%.
How did the global financial crisis affect the economy of India?
Since India has a vast informal economy, barely 2% of Indians pay income taxes. During the 2008 global financial crisis the economy faced a mild slowdown. India undertook stimulus measures (both fiscal and monetary) to boost growth and generate demand. In subsequent years, economic growth revived.