Pantheon Macroeconomics
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6th Jul 2022 14:49Emerging Asia, Daily Monitor
India’s complete PMIs for Q2 show an improvement in momentum, with services in the driver’s seat...
...But they signal “just” 12% GDP growth, well below expectations; we’re not budging on our Q2 forecast.
The forward-looking gauges suggest momentum will carry over to Q3, though price rises remain hot.
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