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  • Wake-up call - Updated Thu May 3, 2012

    GDP growth might have bottomed out in H2-FY12 but the pace of recovery is contingent on critical reforms. We expect 7.1% growth in FY13 to be back-loaded. The capex cycle is unlikely to pick up soon, given subdued business sentiment and lack of mone...



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Global Focus - The world in transition

The world economy is in transition. Global growth rates are picking up, but transition means elevated risks and volatility. In terms of global implications, all eyes will be on the US and China, with the US normalising monetary policy and China rebalancing its economy.