The chief economist at the International Monetary Fund,Maurice Obstfeld, speaks on China’s slower growth, and the tumble in commodity prices such as oil and predicts global economic growth will rise from 3.1% in 2015 to 3.4% in 2016 and 3.6% in 2017. As world and trade leaders gathered for the annual World Economic Forum in Davos,Switzerland, the FTSE 100 was gripped by panic selling, and especially of mining and oil companies that contain been hit hard by the global slowdown in manufacturing and tradeContinue reading...
Source: theguardian.com