The effect of higher oil prices is likely to spread widely, denting tax revenues, corporate margins, household purchasing power. We estimate that it could lower GDP growth by 0.6ppt, raise inflation by 0.7ppt and widen the trade deficit by 0.8ppt.
from The Financial Express https://ift.tt/3bSXo37
https://ift.tt/eA8V8J
from The Financial Express https://ift.tt/3bSXo37
https://ift.tt/eA8V8J
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