A notable trend this quarter was the shrinking disparity in domestic consumption between high-end and mass markets. This was observed as growth in luxury segments like passenger vehicles, hotels, and jewellery decelerated. In contrast, the FMCG sector stabilised, and durables experienced a robust quarter, largely attributed to the heatwave, according to the Nuvama note.
US economy set to slow, but recession unlikely: Richard Yetsenga
ANZ Group’s Richard Yetsenga anticipates a US economic slowdown in the latter half of the year, stopping short of a recession. Despite economists’ bearish outlook,
June 26, 2025