According to analysts at ABN AMRO, India’s economic growth, which is relatively shielded to the slowdown in global manufacturing – has been slowing sharply since mid-2018, reaching a six-year low of 5.0% YoY in Q2. Key Quotes “This slowdown in India was primarily driven by domestic spending, with both private consumption and investment subdued, but the more challenging external backdrop did not help either of course. That implies that India has lost its status of fastest growing giant to China again. While China’s slowdown has continued, Beijing’s ongoing piecemeal fiscal and monetary stimulus has kept it gradual.” “Growth has also come down sharply over the past quarters in global bellwethers Hong Kong and Singapore, although in Hong Kong escalation of social unrest added to downward momentum as well. Over the past quarters, growth has proven more resilient in Malaysia, Taiwan and Vietnam, which seem to profit to some extent from the acceleration of shifts in global supply chains due to the US-China conflict.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY technical analysis: Greenback trading near three-day highs above the 108.00 handle FX Street 4 years According to analysts at ABN AMRO, India's economic growth, which is relatively shielded to the slowdown in global manufacturing - has been slowing sharply since mid-2018, reaching a six-year low of 5.0% YoY in Q2. Key Quotes "This slowdown in India was primarily driven by domestic spending, with both private consumption and investment subdued, but the more challenging external backdrop did not help either of course. That implies that India has lost its status of fastest growing giant to China again. While China's slowdown has continued, Beijing's ongoing piecemeal fiscal and monetary stimulus has kept it gradual." "Growth has also… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
