The multinational investment bank raised India’s growth forecast to 6.4 per cent from its earlier estimate of 6.2 per cent which attributed the growth forecast revision to robust domestic demand, , morgan stanley, gdp forecast, indian economy
phrase republicans have used to criticize the president for as they see it increasing violent crimes, surging border crossings and soaring inflation. there is just one problem with that characterization. the numbers are going the other way. as axios points out, violent crime rates are down across the board, illegal border crossings dropped to the lowest level in nearly two years in june, and inflation is retreating. in fact morgan stanley credited bidenomics with increasing economic growth so significantly the bank was forced to make quote a sizeable upward division to towards its gdp forecast back with us rick wilson and danielle moodie. the numbers don t lie rick. you ve got to look at republicans. i keep tabs on republican conversations both online as well as on fox and fox business.
been amazing. what s also been amazing is the resilience of e u.s. economy in the face of that. look at the stock market. the stock market you mentioned longest winning streak for the dow in more th s years. look at the market performance this year, you guys. just take in those numbers. last year waa disaster for investors. this year you re seeing a really strong bounce back. one of the reasons is more and more people are looking at stronger than expected corporate earnings, cooling inflation, still resilient job market and saying maybe we can get that soft landing in the economy. in fact, mgan stanley recently upgraded gdp forecast for this year to 1.3% from 0.6% which would suggest we will avoid a recession. and morgan stanley specifically saying that bidenomics and some of the biden industrial policy is helping here as well. so really at the beginning of the year people were saying when and not if there will be a recession. today they re saying, maybe we ll get past it. and that s c