Salient to Investors:
The IMF said:
- The global economy will grow 3.5% in 2015 and 3.7% in 2016.
- The boost from the sharp fall in oil prices will be more than offset by negative factors, including weaker investment.
- The euro area recovery will continue at only 1.2% growth in 2015 and 1.4% in 2016.
- China will slow to 6.3% growth in 2016 – versus an average of 10% over the three decades up to 2010 – but an orderly slowdown, though will have important effects in other emerging economies in Asia.
- Russia will contract by 3% in 2015 and 1% in 2016 due to the fall in oil prices and the crisis in Ukraine and Western sanctions.
- Nigeria will grow 4.8% in 2015.
- The US will grow 3.6% in 2015 and 3.3% in 2016.
- The UK will grow 2.7% in 2015 and 2.4% in 2016.
Olivier Blanchard at IMF said:
- Deflation in Europe is not the kiss of death and won’t derail the recovery.
- Many countries have recovered from the global crisis, notably the US, but countries with very high debt will take a very long time to rectify, especially Japan.
- Things are improving though not as quickly as we would dream.
Read the full article at http://www.bbc.com/news/business-30876954
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