Saturday, July 26, 2008

UBS cuts growth forecast

(MUMBAI) UBS yesterday cut its forecast for Indian economic growth in 2008/09 to 7.1 per cent from 7.7 per cent earlier, as high inflation and rising interest rates bite into consumer spending.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,289444,00.html?

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