Page 8 - Suisse Asia Pacific News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MUMBAI: Citing the impact of the second wave of the pandemic over the economy and consumer sentiment, Swiss brokerage Credit Suisse has lowered its nominal GDP growth forecast by 150-300 bps to 13-14 per cent, but expects a stronger recovery in the second half as it sees the lockdowns having limited impact on tax collections. Last month, Neelkanth Mishra, the co-head of equity strategy for Credit Suisse Asia Pacific, and India equity strategist, had told PTI that he expected the real GDP to fall to 8.5-9 per cent in FY22 due to the more severe pandemic attack. The virus case load has crossed the 25-million mark, death toll from the same is nearing 2.9 lakh mark, which is one of the highest in the world as the test positivity rate has been around 15 per cent for long.

Premal kamdarNeelkanth mishraJitendra gohilSuisse asia pacificCredit suisseSuisse wealth management indiaAsia japanEuro stoxxBusiness newsப்ரேமல் காம்தார்நீல்காந்த் மிஸ்ராஜிதேந்திரா கோஹில்ஸ்யூயி ஆசியா பெஸிஃபிக்கடன் ஸ்யூயிஸ்யூயி செல்வம் மேலாண்மை இந்தியாஆசியா ஜப்பான்