Business Phrases you won’t hear in 2009
March 29th, 2009
Strong and fundamentals: As the markets soared new heights at record pace all investment logic seemed to converge into these two words none other specific indicators had any charm for the common guy to put his money in. However, as the bubble was realized (you realize bubbles only after they burst) the likeliness of these two words being used together seems remote. 2009 global growth predictions of 2.2% (IMF) and 0.9% (World Bank) clear all doubts. The news for India in 2009 isn’t too bright either - while the Fund sees a growth of 6.3%, the Bank projects 5.8%..
Central bank independence: Close coordination between fiscal and monetary authorities has replaced the belief that monetary policy-makers should operate independently. In second half of 2008, we witnessed them working as a team to stem the inflation numbers by controlling liquidity and similar steps. This ‘accommodative’ monetary policy is likely to continue in 2009.
Election results were a pleasant surprise not in terms of who won or who lost but rather - the winner won with a huge majority. This indicates a stable government in the near future. So Strong and Fundamentals again will be the buzz words, soon if not very soon….
nice but already we r in good economic position