According to the latest Reuters poll of 52 economists, India’s economy is seen expanding at its slowest pace since early 2012 in the January-March quarter, in the face of the coronavirus-imposed nation-wide lockdown. The GDP report is due to be released on May 29 at 1200 GMT. Key findings “India’s economy grew at 2.1% in the March quarter from a year ago, its weakest since comparable records began in early 2012, and sharply slower than 4.7% in the prior three months. Forecasts for gross domestic product (GDP) data ranged between +4.5% and -1.5%, underscoring the widespread uncertainty on the impact of the coronavirus on the economy at that stage. While only six economists in the poll forecast a contraction during the first quarter, leading indicators for March already released have signalled a significant hit to GDP in January-March.” 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 Gold Price Analysis: Battle lines well-defined, can it break higher? – Confluence Detector FX Street 3 years According to the latest Reuters poll of 52 economists, India’s economy is seen expanding at its slowest pace since early 2012 in the January-March quarter, in the face of the coronavirus-imposed nation-wide lockdown. The GDP report is due to be released on May 29 at 1200 GMT. Key findings “India’s economy grew at 2.1% in the March quarter from a year ago, its weakest since comparable records began in early 2012, and sharply slower than 4.7% in the prior three months. Forecasts for gross domestic product (GDP) data ranged between +4.5% and -1.5%, underscoring the widespread uncertainty on the impact… 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.
