China is expected to grow by 6.7 per cent in 2015 and 6.5 per cent in 2016. India will grow by 7.2 per cent in 2015 and 7.3 per cent in 2016. Brazil's economy is expected to shrink by 2.8 per cent in 2015 and then by an additional 0.7 per cent rate in 2016.
Economic recovery is progressing in the world's advanced economies, but stagnating world trade and deteriorating conditions in financial markets are #
The Interim Economic Outlook has called for global macroeconomic policy to remain supportive of demand. Advanced economies should continue accommodative monetary and fiscal policies to ensure that the recovery gains momentum, the report said. (SH)
ALCHEMPro News Desk – India
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