This is significantly above the pace in the previous five years, and you have to go back to the decade of the 1960s to find even closely comparable periods of consistently robust economic expansion. In this environment, the unemployment rate has fallen to 4%, and the underlying rate of price inflation has slowed, on net, despite very high rates of resource utilization.
The current trade tensions are best sorted out multilaterally through cooperation lest as Paul Krugman tweeted some time back, “In the long run the world would be poorer and in the short run there would be immense disruption.” 11. The Indian forex markets have been fairly stable in recent months.