Tapering growth: An aerial view shows the city skyline of Shenyang, Liaoning province, China recently. China posted 6.9 GDP growth for its third quarter. Growth in China will decelerate to about 6.8 this year. – Reuters
A GLOOMY global outlook appears to be the main take-away from the just concluded IMF/World Bank annual meetings in Lima, Peru.
Not surprisingly, growth forecasts were downgraded, with grim warnings of financial risks overhanging the world economy. Global growth is now expected at 3.1% in 2015, the lowest since the 2007/08 crisis and the recession that followed.
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