World Bank Reduces Growth Forecasts for China and East Asia (Reuters)
Earlier today, the World Bank reduced its growth expectations for the economies of both China and East Asia. Originally, experts at the Washington-based development bank had expected the Chinese economy to grow by 8.3 percent. That figure has been lowered to 7.5 percent. For East Asia’s economy, analysts had thought an expansion of 7.8 percent seemed on target. That figure has been dropped to 7.1 percent. The primary reasons for the lowering of these numbers is China’s shift from an export-oriented economy to a more domestic one and East Asia’s slower-than-expected growth. Whatever the cause, investors in this region clearly don’t want any more growth reduction forecasts.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: