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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
19 SEP 2022
Compared to Citi's view (18%) and the consensus (15.3%), real GDP increased by 13.5%YY in the first quarter of FY23. Citi Analyst have revised o the FY23 real GDP prediction to 6.7%YY (from 8.0% previously) accounting for a worse 1Q print. Continued contact-based service openings, a slight reduction in margin pressure, a gradual relaxation of the net exports drag, and an improvement in non-subsidy linked government expenditure could assist growth in rest of FY23.
Key Highlights:
Summary: FY23 GDP forecast are very sensitive to base effects issue in 1Q GDP print. Continued reopening of contact-based services, some easing of margin pressure due to fall in inflation, gradual moderation of CAD causing the headwind from net exports to recede and improvement in non-subsidy linked government expenditure would likely contribute to a decent growth momentum sustained for rest of the year. A more severe global slowdown or a tightening of monetary policy than anticipated pose downside risk to Citi analyst revised growth forecast.
For more updates please visit Citi Wealth Insights
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