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1.Market Observations, 2.Economic forecasts, 8.Was Sticky

31 Aug 2015 (AFR) – On second thought, China slowdown will hit global-growth outlook

(31 August 2015, AFR, p9, by Andrew Mayeda)

‘China’s deepening struggles are starting to make a bigger dent in the global economic outlook. Moody’s Investors Service on Friday cut its 2016 growth forecast in Group of 20 economies to 2.8 per cent, down 0.3 per centage point from the company’s call less than two weeks ago. China is projected to grow 6.3 per cent in 2016, down from 6.5 per cent previously, the credit-rating company said in a report. Citigroup Inc. last week pared its projection for world growth in 2016 to 3.1 per cent from 3.3 per cent, the third straight time the bank has cut the forecast.’

Read more at AFR.com (might need AFR login access)

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