Global outlook improving but China slowdown among risks: IIF
Its report flags concern over prospect of further turbulence in financial markets as Fed moves toward tightening rates
Tokyo
GLOBAL economic growth is set to accelerate slowly this year and in 2016 with advanced nations outpacing emerging economies as the slowdown in Chinese growth impacts the rest of Asia and other emerging regions, the Institute of International Finance (IIF) said in a report at the weekend. India should be a star performer, it noted.
Apart from the China slowdown, the Washington-based IIF, which speaks on behalf of the world's leading banks and other financial institutions, flagged its concern over the prospect of further turbulence in financial markets as the US Federal Reserve moves toward tightening interest rates.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Wall Street bonuses to rise this year as deals return, says report
Bank of Japan to scrutinise yen moves in guiding policy: Governor Ueda
A look back on three decades of change in liner shipping
Apac finance M&A to stay subdued after Q1 decline as uncertainties linger: S&P Global
German factory orders drop in sign of enduring weakness
Cut aid for livestock farms to help climate fight, World Bank says