The note comes after Amit Shah attributed the slowdown – GDP growth slid for sixth qtr in a row to hit a three-yr low at 5.7% in June qtr – to “technical reasons”.
Shoppers in New York. Economic growth in the last quarter was marked by strong consumer spending. Credit Justin Lane/European Pressphoto Agency
News that North Korea fired a ballistic missile over Japan has rattled world markets. Global stock indexes are lower and safe-haven assets like gold and U.S. Treasuries are higher. U.S. stock indexes are pointed toward lower openings when the New York day session begins.