- India to be the Nation with the highest GDP growth Project for Calendar Year 2020. Despite Global Recession Rhetoric, Global growth stuck at 2.9% in 2019 & 2020, & rising slightly to 3% in 2021- OECD.
- Pessimism about the deep-seated problems in the global economy contrasts with more upbeat signals coming from financial markets, where investors are increasingly betting on an upswing next year depending on the latest twists in trade talks- Bloomberg.
- Morgan Stanley sees a pickup in global growth from early next year, though risks are still skewed to the downside, while Goldman Sachs says better trade policy news recently means the drag on world growth should ease.
Yogendra Shah
Head – Client Advisory