Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Hard realities -Renu Kohli       </title>
    <meta name="description" content="-The Telegraph

The economy remains vulnerable to headwinds

The shortfall in economic growth in the April-June quarter against rosier predictions of most, including the central bank, came as a surprise.Few anticipated the gap between expected and actual performance would be as much..."/>
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     <meta property="og:description" content="-The Telegraph

The economy remains vulnerable to headwinds

The shortfall in economic growth in the April-June quarter against rosier predictions of most, including the central bank, came as a surprise.Few anticipated the gap between expected and actual performance would be as much..." />
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                            <p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>The economy remains vulnerable to headwinds</em></p><p style="text-align:justify">The shortfall in economic growth in the April-June quarter against rosier predictions of most, including the central bank, came as a surprise.Few anticipated the gap between expected and actual performance would be as much (2.5-3 percentage points). It has prompted a tide of downward revisions for the whole year; these follow a previous round, two months ago, due to inflation, higher interest rates, and geopolitical factors. Comparisons have, therefore, been drawn with 2019-20, the pre-pandemic year, in which growth forecasts were regularly disproved each quarter while final GDP grew at 3.8%, almost half the initial prediction. Much before the data release, the possibility of repeat growth downgrades in a worsening context was apprehended and it was discussed here that economic resilience could be tested given the toughening conditions in the forthcoming months. Since then, the cracks have become more apparent while the headwinds are blowing with greater force. There are hard realities that growth expectations must reckon with.</p><p style="text-align:justify">That economic improvement over the initial base, that is before Covid-19, was weak has been routinely noted by many. A disturbing aspect of economic performance in the first quarter is a sequential contraction of almost every portion of aggregate demand; the shrinkages exceed the normal reductions observed each summer season in the past several years. It is not certain if this represents a struggling recovery even before full restoration and it increases uncertainty about the future outlook. The economic fallout of the Russia-Ukraine war took a further toll on prices and volumes &mdash; the already-high inflation got fresh impetus from a sharp energy shock and rocketing food prices, as result of which real GDP grew at the same rate as that of inflation(GDP deflator, in this instance). World trade got a knock from dimming demand and disruptions abroad, feeding back to slower exports. Spending by consumers, businesses and government was also lowered in different magnitudes as compared to the January-March period.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/hard-realities-the-economy-remains-vulnerable-to-headwinds/cid/1886256" title="https://www.telegraphindia.com/opinion/hard-realities-the-economy-remains-vulnerable-to-headwinds/cid/1886256">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.telegraphindia.com/opinion/hard-realities-the-economy-remains-vulnerable-to-headwinds/cid/1886256" class="re" target="_blank">The Telegraph, 13 September, 2022, https://www.telegraphindia.com/opinion/hard-realities-the-economy-remains-vulnerable-to-headwinds/cid/1886256</a><div class="clear"></div>
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                            <p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>The economy remains vulnerable to headwinds</em></p><p style="text-align:justify">The shortfall in economic growth in the April-June quarter against rosier predictions of most, including the central bank, came as a surprise.Few anticipated the gap between expected and actual performance would be as much (2.5-3 percentage points). It has prompted a tide of downward revisions for the whole year; these follow a previous round, two months ago, due to inflation, higher interest rates, and geopolitical factors. Comparisons have, therefore, been drawn with 2019-20, the pre-pandemic year, in which growth forecasts were regularly disproved each quarter while final GDP grew at 3.8%, almost half the initial prediction. Much before the data release, the possibility of repeat growth downgrades in a worsening context was apprehended and it was discussed here that economic resilience could be tested given the toughening conditions in the forthcoming months. Since then, the cracks have become more apparent while the headwinds are blowing with greater force. There are hard realities that growth expectations must reckon with.</p><p style="text-align:justify">That economic improvement over the initial base, that is before Covid-19, was weak has been routinely noted by many. A disturbing aspect of economic performance in the first quarter is a sequential contraction of almost every portion of aggregate demand; the shrinkages exceed the normal reductions observed each summer season in the past several years. It is not certain if this represents a struggling recovery even before full restoration and it increases uncertainty about the future outlook. The economic fallout of the Russia-Ukraine war took a further toll on prices and volumes &mdash; the already-high inflation got fresh impetus from a sharp energy shock and rocketing food prices, as result of which real GDP grew at the same rate as that of inflation(GDP deflator, in this instance). World trade got a knock from dimming demand and disruptions abroad, feeding back to slower exports. Spending by consumers, businesses and government was also lowered in different magnitudes as compared to the January-March period.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/hard-realities-the-economy-remains-vulnerable-to-headwinds/cid/1886256" title="https://www.telegraphindia.com/opinion/hard-realities-the-economy-remains-vulnerable-to-headwinds/cid/1886256">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.telegraphindia.com/opinion/hard-realities-the-economy-remains-vulnerable-to-headwinds/cid/1886256" class="re" target="_blank">The Telegraph, 13 September, 2022, https://www.telegraphindia.com/opinion/hard-realities-the-economy-remains-vulnerable-to-headwinds/cid/1886256</a><div class="clear"></div>
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The economy remains vulnerable to headwinds

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The economy remains vulnerable to headwinds

The shortfall in economic growth in the April-June quarter against rosier predictions of most, including the central bank, came as a surprise.Few anticipated the gap between expected and actual performance would be as much..." />
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                            <p style="text-align:justify">-The Telegraph</p><p style="text-align:justify"><em>The economy remains vulnerable to headwinds</em></p><p style="text-align:justify">The shortfall in economic growth in the April-June quarter against rosier predictions of most, including the central bank, came as a surprise.Few anticipated the gap between expected and actual performance would be as much (2.5-3 percentage points). It has prompted a tide of downward revisions for the whole year; these follow a previous round, two months ago, due to inflation, higher interest rates, and geopolitical factors. Comparisons have, therefore, been drawn with 2019-20, the pre-pandemic year, in which growth forecasts were regularly disproved each quarter while final GDP grew at 3.8%, almost half the initial prediction. Much before the data release, the possibility of repeat growth downgrades in a worsening context was apprehended and it was discussed here that economic resilience could be tested given the toughening conditions in the forthcoming months. Since then, the cracks have become more apparent while the headwinds are blowing with greater force. There are hard realities that growth expectations must reckon with.</p><p style="text-align:justify">That economic improvement over the initial base, that is before Covid-19, was weak has been routinely noted by many. A disturbing aspect of economic performance in the first quarter is a sequential contraction of almost every portion of aggregate demand; the shrinkages exceed the normal reductions observed each summer season in the past several years. It is not certain if this represents a struggling recovery even before full restoration and it increases uncertainty about the future outlook. The economic fallout of the Russia-Ukraine war took a further toll on prices and volumes &mdash; the already-high inflation got fresh impetus from a sharp energy shock and rocketing food prices, as result of which real GDP grew at the same rate as that of inflation(GDP deflator, in this instance). World trade got a knock from dimming demand and disruptions abroad, feeding back to slower exports. Spending by consumers, businesses and government was also lowered in different magnitudes as compared to the January-March period.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/opinion/hard-realities-the-economy-remains-vulnerable-to-headwinds/cid/1886256" title="https://www.telegraphindia.com/opinion/hard-realities-the-economy-remains-vulnerable-to-headwinds/cid/1886256">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.telegraphindia.com/opinion/hard-realities-the-economy-remains-vulnerable-to-headwinds/cid/1886256" class="re" target="_blank">The Telegraph, 13 September, 2022, https://www.telegraphindia.com/opinion/hard-realities-the-economy-remains-vulnerable-to-headwinds/cid/1886256</a><div class="clear"></div>
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Hard realities -Renu Kohli

Published on Sep 13, 2022   Modified on Sep 15, 2022

-The Telegraph The economy remains vulnerable to headwinds The shortfall in economic growth in the April-June quarter against rosier predictions of most, including the central bank, came as a surprise.Few anticipated the gap between expected and actual performance would be as much (2.5-3 percentage points). It has prompted a tide of downward revisions for the whole year; these follow a previous round, two months ago, due to inflation, higher interest rates, and geopolitical factors. Comparisons have, therefore, been drawn with 2019-20, the pre-pandemic year, in which growth forecasts were regularly disproved each quarter while final GDP grew at 3.8%, almost half the initial prediction. Much before the data release, the possibility of repeat growth downgrades in a worsening context was apprehended and it was discussed here that economic resilience could be tested given the toughening conditions in the forthcoming months. Since then, the cracks have become more apparent while the headwinds are blowing with greater force. There are hard realities that growth expectations must reckon with. That economic improvement over the initial base, that is before Covid-19, was weak has been routinely noted by many. A disturbing aspect of economic performance in the first quarter is a sequential contraction of almost every portion of aggregate demand; the shrinkages exceed the normal reductions observed each summer season in the past several years. It is not certain if this represents a struggling recovery even before full restoration and it increases uncertainty about the future outlook. The economic fallout of the Russia-Ukraine war took a further toll on prices and volumes — the already-high inflation got fresh impetus from a sharp energy shock and rocketing food prices, as result of which real GDP grew at the same rate as that of inflation(GDP deflator, in this instance). World trade got a knock from dimming demand and disruptions abroad, feeding back to slower exports. Spending by consumers, businesses and government was also lowered in different magnitudes as compared to the January-March period. Please click here to read more.

The Telegraph, 13 September, 2022, https://www.telegraphindia.com/opinion/hard-realities-the-economy-remains-vulnerable-to-headwinds/cid/1886256

Tagged with: Real GDP Inflation GDP Deflator

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