https://www.taxtmi.com/news?id=40293 Monetary authorities prioritised the threat of reciprocal tariffs to economic growth over inflation, reducing the GDP growth forecast and trimming the retail inflation projection. The bank attributed the downgrade primarily to trade-policy uncertainty and additional duties on specified export products imposed on top of existing tariffs, noting that demand contraction from tariff friction - together with lower crude prices - could push inflation lower while creating downside risks to export volumes and growth. en-us Wed, 09 Apr 2025 13:31:04 +0530 Wed, 09 Apr 2025 13:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=40293 Monetary authorities prioritised the threat of reciprocal tariffs to economic growth over inflation, reducing the GDP growth forecast and trimming the retail inflation projection. The bank attributed the downgrade primarily to trade-policy uncertainty and additional duties on specified export products imposed on top of existing tariffs, noting that demand contraction from tariff friction - together with lower crude prices - could push inflation lower while creating downside risks to export volumes and growth. News - Wed, 09 Apr 2025 13:31:04 +0530 https://www.taxtmi.com/news?id=40293