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PMS Monthly Communication - May 2024
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PMS Monthly Communication - May 2024

PMS Monthly Communication - May 2024

Global Market: : As indicated by global PMI data, manufacturing and services remained in expansionary territory along with increased industrial production and growth in global trade; the global economy remains resilient. IMF revised up its global growth forecast for the world for CY24 to 3.2% (from 3.1%). US Economy is continuously surprising with strong data, with strong jobs data and stronger than expected manufacturing data, the hopes of rates cuts have delayed, resulting in hardening of bond yields.