BofA’s US economists earlier this month revised its outlook for the world’s largest economy in favour of a ‘soft landing’. US Gross Domestic Product (GDP) in 2023 could grow 2.0%, 0.7% in 2024, and 1.8% in 2025, they said.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may