DBS sees further economic slowdown in 2019

India's economic growth is expected to slow further in the second half of the year. "Real GDP is likely to print 4.3% YoY in 3Q vs 2Q's 5%, nearing the trough for this cycle," Singapore's DBS Bank said in its daily economic report. Weakness in the crucial consumption sector is likely to be extended into the quarter along with tepid private sector activity.

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