Mon Jan 11, 2016/Reuters By Wayne Cole Asian shares sank to their lowest in over four years on Monday as doubts mounted about Beijing’s ability to manage the world’s second-biggest economy. The absence of Tokyo for a holiday only made liquidity even harder to come by, heightening volatility. Currency markets […]
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IMF cuts global growth forecast, warns of prolonged stupor
The International Monetary Fund trimmed its forecasts for global output on Tuesday for the sixth time since early last year, saying stronger growth in most advanced economies would fail to make up for a more sluggish expansion in the developing world. Prospects for emerging markets, long the engine of the […]
World Bank cuts China, East Asia growth forecasts
The World Bank lowered its 2013 and 2014 economic growth forecasts for China and most of developing East Asia on Monday, citing slower growth in the world’s most populous nation as well as weaker commodity prices that have hurt exports and investments in countries such as Indonesia. “Developing East Asia […]
