15.01.2015 - Economic growth is slowing in the world
The World Bank yesterday published a report according to which the forecast for global GDP growth in 2015 was reduced to 3.0%, compared to the previously expected 3.4%. Despite the overall decline of the economy, the forecasts have been improved for the US economy to 3.2%, which is 0.2% better than the forecast published in July. China's GDP growth may slow down to 7.1%, against 7.2% expected in October. Severe deterioration was recorded for the euro area where previously evaluated growth in 2015 at 1.8% and now expectations declined to 1.1%. This fact gives reason to expect a fall in global stock markets if the economic stimulus programs in Japan, the Eurozone and China will not be able to improve the situation with the growth of GDP.