SBI Research suggests that the post-COVID economic boom in the US might have been an anomaly driven by aggressive fiscal policies rather than sustainable growth. The report indicates that long-term trends in GDP growth are on a decline, with private consumption also showing signs of losing momentum. Notably, the US economy's growth rate decelerated from 3.2% in the fourth quarter (Q4) of 2023 to 2.5% in Q4FY23-24, and the latest estimates for Q1FY24-25 project a contraction of 2.4%.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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