China growth target too aspiring, IMF says

Note: This section contains information in English only.
Source: Bloomberg
China has to adjust the economic growth target of 6.5-7% for the next year and plans to abstain from stimulus measures unless the economy faces the prospect of further sharp decline from that level, the IMF said today. The International Monetary Fund repeated its forecast that the economic growth would slip to 7.4% this year and sink further to 7.1% in 2015.
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Thu, 31 Jul 2014 08:36:13 GMT

U.S. GDP exceeds expectations

The economic growth in the second quarter was led by an increase in consumption and investment, which indicated that the slump in the first quarter was an anomaly. GDP went up 4% from April to June exceeding the forecast of economists. The increase was the same as the medial growth rate starting from July to December 2013, the strongest six-month

Thu, 31 Jul 2014 06:04:14 GMT

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