{
  "docId": "019dd923-5e88-73ef-bd58-da989efca95b",
  "docSlug": "d17594068844446e",
  "documentTitle": "ey global economic outlook july 2023",
  "authorId": "MorganStanley",
  "authorName": "EY Parthenon",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 28,
  "pageCount": 33,
  "prevPage": 27,
  "nextPage": 29,
  "slideType": "industry_trends",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 3,
  "notes": "Includes a break in the Y-axis for the GDP chart to accommodate the 2020 volatility.",
  "elementsJson": [
    "headline_text",
    "line_chart",
    "bullet_list",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd58-da989efca95b/28",
  "deckHref": "/decks/019dd923-5e88-73ef-bd58-da989efca95b",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd58-da989efca95b.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd58-da989efca95b#slide-28",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "The Reserve Bank of India (RBI) maintained a \"hawkish pause\" in its June policy meeting, keeping the repo rate unchanged at 6.5%, after cumulative rate hikes of 250 basis points since May 2022.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-340d-7338-acbd-47a4334d81b2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.3,
        "x": 0.36,
        "y": 0.185
      },
      "kind": "chart",
      "text": "India y/y percentage change in CPI 2005-25F",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8d409c9b-0840-4caf-ad40-2b1dfd02395c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.3,
        "x": 0.05,
        "y": 0.185
      },
      "kind": "chart",
      "text": "India y/y real GDP 2005-25F",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a810bfd4-e561-41cb-a83b-029a91fb3d25",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.3,
        "x": 0.67,
        "y": 0.185
      },
      "kind": "chart",
      "text": "India repurchase rate path 2005-25F",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ed125613-3690-4cfd-9401-e131835200fd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.05,
        "y": 0.94
      },
      "kind": "disclaimer",
      "text": "1. Real GDP growth numbers are for financial year (e.g., 2010-11 refers to April 2010 to March 2011). Source: Reserve Bank of India; Refinitiv Eikon; EY analysis",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "23d429ed-86d6-4b24-b834-af75571ca859",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.9,
        "x": 0.05,
        "y": 0.58
      },
      "kind": "list",
      "text": "India's economic growth continues to exhibit resilience... In FY24, economic growth is expected to remain relatively strong... In recent months, headline CPI inflation has moderated... The Reserve Bank of India (RBI) maintained a “hawkish pause”...",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0def6fbd-c469-4ed5-b61f-0732f46a6756",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "GDP growth: 7.2%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-340d-7338-acbd-489fb6ffafe6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.9,
        "x": 0.05,
        "y": 0.04
      },
      "kind": "title",
      "text": "Our baseline suggests sustained economic recovery and an extended pause on the policy rate",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b2f581d2-d011-46d2-9a6a-20cfd8198593",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Audience Definition",
      "slug": "audience-definition",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "457a6ebf-6875-4a37-8afa-3a67b2a09800",
      "evidence": "The slide provides an analysis of India's economic outlook, indicating that the content is targeted at an audience interested in economic trends and forecasts.",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 33,
      "from": 21,
      "beatId": "e5731eb3-0eda-4143-bc6b-f12237ad7979",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Action",
      "beatSlug": "monroes-sequence-action",
      "evidence": "The labor market remains tight and is becoming an important driver of inflation...",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}