PMS Monthly Communication Research Report - Feb 2024

Global Market: The global economy continues to remain stable on growth side, driven by strength in the US economy. IMF revised up its global growth forecast for CY24 to 3.1% (from 2.9%). The US GDP grew at an annualized pace of 3.3% in Q4CY23 led by resilient personal consumption. However, the housing and manufacturing sectors remain under pressure on the back of elevated interest rates and