January 21, 2017

The World Bank recently revised its global economic forecast down to 2.4 % for 2016. The modification is due to slower growth in advanced economies, increasing doubts regarding global free trade, low commodity prices and diminishing capital flows.

In China, however, the economy continued to show stable growth figures at 6,8 % in Q4, thus reaching the Chinese government’s economic growth target of at least 6,5 % GDP in 2016.