Monthly Ecocapsule_May’23

This EcoCapsule highlights an anticipated gentler global economic slowdown, with upgraded growth forecasts driven by services. China demonstrates robust growth, while the US sends mixed signals, with cooling inflation and a subtly dovish stance from the US Fed chair due to lingering financial stability concerns, particularly among smaller banks. In India, high-frequency indicators present a mixed picture, with services and consumption appearing strong and manufacturing weak. For more such interesting trends, you may refer to our comprehensive EcoCapsule

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