Morgan Stanley says a solid GDP data may mask weaker consumer trends as gas prices and refunds collide.
If crude spikes to $150/bbl for a quarter, we see FY27 (GDP) growth at around 5.7 per cent, CPI inflation breaching 6 per cent and the CAD widening to around 3 per cent of GDP, Morgan Stanley said.
The Middle East turmoil hits Asia hardest due to its highest oil and gas imports as a percentage of the GDP, Chetan Ahya, ...
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