Economic Growth Projections Reflect Significant Slowdowns
Indian Economy & Market|October 2022
The global economy continues to face steep challenges, shaped by the lingering effects of the Russian invasion of Ukraine, a cost-of-living crisis caused by inflation pressures, and the slowdown in China. Indian economy may not be directly affected by some major issues yet it is not decoupled.
Economic Growth Projections Reflect Significant Slowdowns

The strong wind of inflation is blowing across nations. Inflation in the US is already at a four-decade high while UK inflation is expected to cross 18% in 2023. Central bankers including US Fed have been raising interest rates so as to tame inflation but the downside to it is a slowdown in economic growth.

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