DATA, IMF, FED LEAD TO A SEA OF RED Overnight the IMF downgraded its world growth forecasts, again
DATA, IMF, FED LEAD TO A SEA OF RED Overnight the IMF downgraded its world growth forecasts, again. The group now see global growth of 3.8% in 2015, down from 4.0% in their previous estimate. Both the US and China, the world's largest economies, are expected to grow 3.1% and 7.1% respectively, the same as what was forecast in April, while the Eurozone, the largest economic bloc globally, will grow just 1.3% next year, down from 1.5% seen previously. From an Australian perspective the group see GDP next year of 2.9%, up from 2.7%, unemployment at 6.1%, down from 6.2%, while CPI is predicted to come in at 2.6%, up from 2.4% in April... (VIEW LINK)
David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...
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