Pantheon Macroeconomics

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31st May 2022 22:10Emerging Asia, Daily Monitor

GDP growth in India beat expectations marginally in Q1, moderating merely to 4.1%, from 5.4% in Q4.

Capex drove the q/q bounce, but disappointment lies ahead, with signs pointing to a cyclical slump.

Growth likely will pop in Q2, thanks largely to base effects, but the oil squeeze will result in a Q3 crash.

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Keywords for: India's Solid Start to 2022 will be Near Impossible to Sustain

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