Indian GDP data for Q4 (Q3 of FY21/22) show that economic growth was slowing before the Omicron wave hit. That outbreak will have caused activity to weaken further in the early stages of Q1. But with the wave quickly subsidising and fiscal policy turning more supportive, the stage is set for a period of faster growth over the coming few quarters.
EM Drop-In (Thur. 3 March, 15:00 GMT) :We’re discussing the impact of Russia-Ukraine on emerging markets in a special 20-minute briefing this Thursday. Registration details.
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