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Subject
Prospects for the global economy in the fourth quarter.
Significance
Three threats are on the horizon. Firstly, the US Federal Reserve (Fed) might raise interest rates this year. This move, though well signalled, may have negative repercussions, especially in emerging markets (EMs). Secondly, China's economy, a key to global growth, is slowing and its financial markets are exceptionally volatile. These factors have already elicited policy interventions such as renminbi depreciation and further rate cuts by the People's Bank of China (PBoC). Finally, there is no apparent end in sight to weak global demand and the fall in commodities prices that has left commodity-exporting countries struggling with precipitous drops in revenue.
Keywords:
International,
INT,
Asia,
China,
EU,
France,
Germany,
Greece,
Italy,
Latvia,
Lithuania,
United Kingdom,
United States,
Africa,
Caribbean,
Finland,
IMF-World Bank,
Japan,
Latin America,
Netherlands,
OPEC,
Russia,
PROSPECTS Q4 2015,
economy,
balance of payments,
banking,
bonds,
capital flows,
consumer,
corporate,
debt,
employment,
energy,
equities,
exchange rate,
finance,
fiscal,
food,
foreign investment,
foreign trade,
government,
growth,
hard commodities,
infrastructure,
investment,
labour,
monetary,
natural resources,
oil,
policy
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2015
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