Indian News


WEO-061015.jpeg Global growth remains 'moderate and uneven' amid the modest pick-up in advanced economies and the slowdown in emerging markets, and the more pronounced downside risks call for policy action to boost economic expansion, the International Monetary Fund said, as it cut its world growth forecasts for this year and next.

World-Bank-100515.jpg The World Bank downgraded its growth outlook for developing East Asia, citing China's economic rebalancing and the expected pace of normalization of the U.S. interest rates. Developing east Asia will grow 6.5 percent this year, instead of 6.7 percent estimated in April, the bank said in its East Asia Pacific Economic Update released Monday.

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