IMO

President Barack Obama warned on Tuesday that high budget deficits could hurt U.S. economic recovery as he sought to reassure Americans that his latest budget would help create jobs and trim debt levels.

As European governments rush to cut budget deficits with draconian austerity measures, experts are warning that the fallout could mean a shutdown in Europe's tentative economic recovery.

Global investors shifted money into emerging-market bonds by the most on record this year, on concern that spending cuts by European nations to curb budget deficits will slow the global recovery, damping demand for stocks.

The European Central Bank left interest rates at a record low as rising market borrowing costs and the sovereign debt crisis threaten to derail the region?s economic recovery.

The IMF said rules to keep budget deficits in check can help improve member countries' finances that have been strained by the global economic crisis.

India’s nascent economic recovery is about to run into the triple punches of a fiscal squeeze (in the Union Budget), monetary tightening and soaring inflation.

The war cry of the UPA government is inclusive growth. But there must be growth in order for it to be inclusive. Expectations were running wild about this budget. The Economic Survey had led us to believe that this budget will unleash the long shackled economic reforms.

Trading may be muted this week, as investors wait for finance minister Pranab Mukherjee’s Budget on Friday as the benign global liquidity factors begin to disappear slowly with the economic recovery.

Trading may be muted this week, as investors wait for finance minister Pranab Mukherjee’s Budget on Friday as the benign global liquidity factors begin to disappear slowly with the economic recovery.