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World Bank cuts China growth forecast to 7.4% - Deutsche Bank

FXStreet (Łódź) - Jim Reid from Deutsche Bank remarks that the World Bank cut its 2014 GDP growth outlook for China to 7.4% from the previous forecast of 7.6%, but is more constructive on other Asian countries.

Key quotes

"Looking into 2015, the World Bank now sees growth at 7.2% from a previous forecast of 7.5%, mainly as the government seeks to put the economy on a more sustainable path with policies addressing financial vulnerabilities and structural constraints."

"However, except for China the World Bank is rather constructive on the rest of the region."

"The institution sees growth for developing East Asian countries (ex China) to bottom out at 4.8% this year before rising to 5.3% next year as exports rise and domestic economic reforms advance in the large Southeast Asian economies."

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