Fabian F. · 2024-10-25T12:53:24.309968Z

$QDV5 Does anyone know what is currently going on there?

5Lun

What's going on? 1% down. Is this the end of the world?

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Fabian F.@Fabianfeuer

5Lun

@ScorpionfromBW no doomsday only the ETF is up 26% in one year and suddenly -6% in one month

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Oleg@ScorpionfromBW

5Lun

@Fabianfeuer It is also an emerging markets or Asia ETF. And you should know that they are very volatile, even on a daily basis.

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Marc@DerAzubi

5Lun

@Fabianfeuer Well, it's just an ETF on an entire economy. Either something has changed in the economic outlook or it is simply a healthy correction after a 26% rise.

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Kate💎 🙌.@Iwanowitsch

5Lun

I read somewhere that the Indian market has been downgraded by the major banks.

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Kate💎 🙌.@Iwanowitsch

5Lun

Goldman Sachs recently lowered its Indian GDP growth forecasts for 2024 from 6.2% to 5.7% and for 2025 from 6.8% to 6.4%. This adjustment reflects the ongoing inflation and possible interest rate hikes by the Reserve Bank of India, which could slow economic growth. Global uncertainties, structural challenges such as high unemployment and geopolitical risks are also weighing on the Indian economy. Goldman Sachs is therefore cautious about India's medium-term growth prospects.

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