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India set to knock Britain out of world’s top 5 economies

  Bloomberg India will overtake Germany in 2022 as the world’s fourth-largest economy and push Britain out of the top five, based on analysis of growth projections by the International Monetary Fund. But the challenges the South Asian nation must surmount to get there are many. These include executing a wide-ranging overhaul of the tax system, sorting out the biggest ...

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Data deluge points to Japan’s economic growth

  Bloomberg A flood of data the day after the Bank of Japan held its monetary policy unchanged indicates that the modest recovery in world’s third-largest economy is continuing for a fifth quarter, yet inflation largely refuses to budge. Consumer prices excluding fresh food, the core measure for inflation, increased 0.2 percent in March from a year earlier (forecast 0.2 ...

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Puerto Rico bondholders reject restructuring offer

  Bloomberg Puerto Rico bondholders rejected Governor Ricardo Rossello’s debt-restructuring proposal days before a May 1 deadline to craft a deal or face a potential wave of creditor lawsuits. The Caribbean island is offering holders of its general-obligation bonds 77 cents on the dollar while proposing 58 cents on the dollar for its sales-tax debt, according to the commonwealth’s latest ...

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