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Search resuls for: "Thamashi De Silva"


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☆ Premarket stocks: Retailers warn Wall Street to expect less shopping this year
  + stars: | 2024-03-01 | by ( Krystal Hur | ) edition.cnn.com   time to read: +6 min
Lowe’s: The home improvement giant projected total sales of $84 billion to $85 billion for 2024 in fourth-quarter results reported on Tuesday. Mortgage rates edge closer to 7%, dampening start of spring homebuying seasonUS mortgage rates climbed for the fourth week in a row, inching closer to 7% just as peak homebuying season gets underway, reports my colleague Anna Bahney. “Mortgage rates continued their ascent this week, reaching a two-month high and flirting with 7% yet again,” said Sam Khater, Freddie Mac’s chief economist, in a statement. Since reaching a 20-year high of 7.79% in October, mortgage rates have been slowly falling. But in recent weeks, as the market absorbs expectations that the Federal Reserve will not cut its benchmark lending rate until later this year, mortgage rates have trended higher.
Persons: they’re, ”, Marvin Ellison, Macy’s, Tony Spring, Corie Barry, ’, ” Barry, Diksha Madhok, Hanna Ziady, “, Thamashi De Silva, Knight Frank, Read, Anna Bahney, Freddie Mac, Sam Khater, Freddie Mac’s, Khater Organizations: CNN Business, Bell, New York CNN — Companies, Federal Reserve, Commerce Department, United States’s, Gross, Capital Economics, “ Locations: New York, That’s, India
☆ India GDP: Country’s economy ended 2023 ‘with a bang’ as growth surged to 8.4%
  + stars: | 2024-02-29 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +2 min
Gross domestic product in India surged 8.4% in the final three months of 2023 compared with a year prior, up from growth of 7.6% in the June-to-September period, the country’s statistics office said Thursday. The latest rise is much stronger than analysts expected and means India’s economy “ended last year with a bang,” Thamashi De Silva, assistant India economist at Capital Economics, wrote in a note. “That pace of growth was the strongest among major economies last quarter,” she said, also noting that in 2023 as a whole GDP grew 7.7%. Analysts at Jefferies expect the country to become the world’s third-largest economy by 2027, up from fifth currently. But “any slowdown in growth will be mild, particularly as the government’s infrastructure drive is likely to prop up activity,” she added.
Persons: “, Thamashi De Silva, ”, Narendra Modi, Elon Musk, India “, Modi, ” Musk, De Silva Organizations: London CNN, Gross, Capital Economics, Monetary Fund, Jefferies, Apple Locations: India, China, Washington, Beijing
☆ India’s economy grows at fastest pace in a year
  + stars: | 2023-08-31 | by ( ) edition.cnn.com   time to read: +2 min
India’s economy grew at its quickest pace in a year in the April-June quarter, buoyed by strong services activity and robust demand, but a drier than normal monsoon season could restrain future growth. India’s Chief Economic Adviser V. Anantha Nageswaran maintained his 6.5% growth forecast for the full year. Thamashi De Silva at Capital Economics said India’s GDP data was strong despite policy tightening by the Reserve Bank of India. Food prices climbIndia’s retail inflation in July rose to its highest in 15 months as vegetable and cereals prices skyrocketed. “High food inflation for a prolonged period could weigh on consumption growth,” said Rajani Sinha, Chief Economist, CareEdge Ratings.
Persons: Anantha Nageswaran, ” Nageswaran, Thamashi De Silva, ”, Madan Sabnavis, “, Suvodeep Rakshit, Nageswaran, Rajani Sinha Organizations: Gross, Capital Economics, Reserve Bank of India, Bank of Baroda Locations: India
☆ India economy: Why everyone wants to work with the world's largest democracy
  + stars: | 2023-04-29 | by ( Michelle Toh Hanna Ziady | Michelle Toh | Hanna Ziady | ) edition.cnn.com   time to read: +9 min
The case for investing in India — a nation of 1.4 billion — is clear, and only bolstered by recent geopolitical shifts. As Western leaders look to boost economic cooperation with countries that share similar values, India, the world’s largest democracy, stands to gain. Arun Sankar/AFP/Getty ImagesIndia’s so-called “demographic dividend,” the potential economic growth arising from a large working-age population, represents a major opportunity. A recent Air India order for more than 200 Boeing planes could support more than 1 million American jobs. One consistent with our democratic values, and another not.”‘Economic miracle?’Beyond geopolitics, India’s economic and demographic fundamentals are driving business interest.
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