Mumbai, April 11 -- The US Energy Information Administration or EIA stated in a latest monthly update that its forecast this month assumes that real GDP will grow by 2.0% in 2025, a downward revision of 0.4% from last month, and by 2.0% in 2026, a downward revision of 0.2% from last month. The revision is the result of slower growth in the first half of 2025. A decline of 0.5% in consumer spending in January, coupled with slow growth for the rest of the year, contributed to the downward revision to the GDP forecast. The decrease in January is the largest since February 2021.
Published by HT Digital Content Services with permission from Capital Market....