“Investment activity is also expected to improve, drawing strength from the thrust on capital expenditure in public spending and moderation in commodity prices,” it added.
The global economy is transfixed in the crosscurrents of slowing growth and high inflation, and an uneasy calm prevails in the global financial markets as they await clearer signals from policy authorities on banking regulation, supervision and contours of deposit insurance, it said.
In April and the first half of May 2023, domestic economic conditions have sustained the quickening of momentum seen in the last quarter of 2022-23, said the article on ‘State of the Economy’.
Headline inflation eased below 5 per cent in April 2023, for the first time since November 2021. Corporate earnings are beating consensus expectations, with banking and financial sectors posting strong revenue performance, aided by robust credit growth.
Esta historia es de la edición May 23, 2023 de The Business Guardian.
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Esta historia es de la edición May 23, 2023 de The Business Guardian.
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