Italy Cuts Growth Forecasts

The video discusses economic updates from France, Italy, and India. France plans €21 billion in spending cuts for 2015, with a projected deficit of 4.4% of GDP in 2014 and 4.3% in 2015. Italy has revised its growth forecast downward, with GDP expected to shrink by 0.3% this year. The Italian government has also delayed its balanced budget target. In India, the central bank governor warns that low interest rates in developed markets may distort asset prices without boosting economic activity, and expresses concern over India's reliance on interest rate changes.

What is the amount of spending cuts planned by the French Finance Minister for 2015?

• €15 billion

• €21 billion

• €25 billion

• €30 billion

What was the French government's projected deficit as a percentage of GDP for 2015?

• 4.5%

• 4.0%

• 4.1%

• 4.3%

What did the Italian government revise their GDP growth forecast to for the current year?

• A decrease of 0.1%

• An increase of 0.5%

• A decrease of 0.3%

• An increase of 0.8%

What concern did India's central bank governor express about near-zero interest rates in developed markets?

• They are boosting economic activity

• They are reducing inflation

• They are stabilizing asset prices

• They are distorting asset prices

What is the main tool that India's central bank governor is worried the nation relies too heavily on?

• Fiscal policy

• Trade tariffs

• Foreign investments

• Interest rates