United Nations lowers India's economic growth forecast to 4.8 per cent for 2013

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United Nations has warned that emerging markets should be prepared to deal with the impact of US Federal Reserve's quantitative easing programme. (Reuters) United Nations has warned that emerging markets should be prepared to deal with the impact of US Federal Reserve's quantitative easing programme. (Reuters)
SummaryUnited Nations also lowers India's growth projection for 2014 to 5.3 pc, down 1.2 pc.

Reserve's decisions and therefore is not likely to be surprised by these moderate changes," he said in a statement.

Further, the UN report said the global economy was expected to grow at a pace of 3 per cent in 2014.

Pingfan Hong, Chief of the Global Economic Monitoring Unit, Department of Economic and Social Affairs, said the world economy in 2013 was unable to meet even the most modest projections.

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