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World Bank slashed its Growth Forecast for China's Economy to 7.7 Percent?

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  1. #1
    Anand mohan's Avatar
    Anand mohan
    Anand mohan is offline eTI Copper

    World Bank slashed its Growth Forecast for China's Economy to 7.7 Percent?

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    The World Bank on 14 June 2013 slashed its growth forecast for China's economy for 2013 to 7.7 percent from 8.4 percent. In its report, the World Bank stated that the main risk related to China remains the possibility that high investment rates prove unsustainable, provoking a disorderly unwinding and sharp economic slowdown. The projection is lower than the 7.8 percent expansion the country recorded in 2012, which was its weakest in 13 years.

    I think these predictions will all time go in favor of China as per it's market value. What you all guys think?? Share with us.
    Thank you!
    Anand Mohan

  2. #2
    aakarshitkalra
    aakarshitkalra is offline Just in!
    But it was also pointed out that the relaxation in monetary policy in China may help in reversing this trend of fall in economic growth.
    Mr. Jim Yong Kim however also projected a similar forecast for the Indian economy.

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