Top stockbroker sees softer GDP growth for 2018
There’s a good chance that the strong start won’t be sustained.
Economic growth may have surged to 6.8 percent during the first quarter, but current signs are pointing to a deceleration come the succeeding months of the year.
Nicky Franco, head of research at Abacus Securities, pointed out kinks in the growth story that may not be sustainable.
“A deeper dive than usual. Innards of Q1 GDP point to potential softening in succeeding quarters,” Franco said on Twitter.
A deeper dive than usual. Innards of Q1 GDP point to potential softening in succeeding quarters. https://t.co/jv4MozKV58
— Nicky Franco (@HoR_102) May 23, 2018
The government wants a 7-8 percent growth for 2018. Will this be doable?