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Can the Trump Effect Continue to Lift Markets Citi Wealth Insights
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Europe Politics Present an Opportunity Citi Wealth Insights
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Chinas Growth Surprise This Year Citi Wealth Insights
13 Dec 2022
India’s Real GDP grew by 6.3%YY in 2QFY23 vs. 13.5% in 1QFY23. The fall in YoY growth was largely attributed to base effects. Nominal GDP growth remained high at 16.2%YY as deflator, which is used to measure inflation was still close to double digits (9.5%) in 2QFY23. On an aggregate basis, consumption and investment growth remained robust, although manufacturing contracted as profit margins of companies came under pressure due to rising input cost.
Summary: Citi analysts have revised their FY23 real GDP forecast to 6.9%YY (vs. 6.7% earlier) as they expect shift in growth momentum from consumption to investment. Real GDP in FY24 growth is expected at 5.9%YY, with possibility of a more pronounced slowdown in 2HFY24, when the lagged impact of rate hikes and global slowdown would be more visible.
Can the Trump Effect Continue to Lift Markets Citi Wealth Insights
Europe Politics Present an Opportunity Citi Wealth Insights
Chinas Growth Surprise This Year Citi Wealth Insights