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Key Takeaways from Month in Macro

1. Nominal #GDP slowed through April, with real GDP contracting by -0.47% and #inflation rising by 0.23%. #Nominal GDP has grown approximately 4.7% from one year prior, continuing the downtrend beginning in February 2022. ImageImage
2. During this time, #equity markets have posed significant strength (though lopsided), while #treasury markets have weakened in unison. ImageImage
3. Looking forward, these sequential improvements have adjusted our #real growth outlook, with a #contraction in yearly real GDP growth more likely in H1 2024 than in Q4 2023. Our #inflation outlook remains one of resilient inflation. Image
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#Breaking | FY21 #GDP at -7.3% Vs CNBC-TV18 poll of -7.5%
#GDP Data | Q4 GDP at 1.6%

Q4 GVA at 3.7%
FY21 #GDP at -7.3% Vs CNBC-TV18 poll of -7.5%

*Follow thread for more on internals*
Read 6 tweets

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