FXStreet (Delhi) – Research Team at Deutsche Bank, note that the World growth forecast for 2015, 2016 and 2017 have also been cut to 2.5%, 3.0% and 3.1% from the previous 2.9%, 3.2% and 3.2%, respectively by World Bank.
Key Quotes
“World Bank has reduced its growth forecast for China just ahead of the annual IMF/World Bank meeting in Peru later this week (9-11 Oct). The World Bank now expects China 2015 GDP to come in at 6.9% vs 7.1% forecasted in April. The Bank now sees China growing at 6.7% and 6.5% in 2016 and 2017 respectively. China will likely be a key meeting agenda this time. The World Bank has also reduced 2015 growth forecasts for Indonesia, Philippines and Thailand.”
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