The Asian Development Bank (ADB) has cut its 2015 growth forecast for Developing Asia to 6.1% from 6.3%,
Reasons: slower-than-expected economic activity in the United States and the People’s Republic of China (PRC)
Reasons why China is slowing:
weaker-than-expected external demand,
a declining working age population, and
rising wages.
India
forecasts remain unchanged at 7.8% in fiscal year (FY)2015 and 8.2% in FY2016, supported by a healthy monsoon and new investments.
Source ADB Press Release 2015
This blog does not render any investment advice. Views expressed are without any risk or responsibility.
Reasons: slower-than-expected economic activity in the United States and the People’s Republic of China (PRC)
Reasons why China is slowing:
weaker-than-expected external demand,
a declining working age population, and
rising wages.
India
forecasts remain unchanged at 7.8% in fiscal year (FY)2015 and 8.2% in FY2016, supported by a healthy monsoon and new investments.
Source ADB Press Release 2015
This blog does not render any investment advice. Views expressed are without any risk or responsibility.
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