n Farmer’s Weekly - Sluggish global growth depresses prices : global farming
|Article Title||Sluggish global growth depresses prices : global farming|
|© Publisher:||Caxton Magazines|
|Publication Date||Apr 2016|
In the third quarter of 2015, the global economy grew by 3,5%. This dropped to 1,9% in the fourth quarter. Weaker economic conditions in China, India and Russia resulted in a sharp decrease in growth in developing economies. Slower growth in the US and Japan resulted in slower growth in developed markets. In the Euro area, growth slowed down slightly towards the end of 2015. According to the European Central Bank, the downside risk to growth in the Euro area has increased. Weaker conditions in emerging markets, increased market volatility and geopolitical risk are the main reasons for the pessimistic outlook. Developing economies are also not expected to perform well. In China, growth moderated to 6,7% in the final quarter of 2015 from the 7,1% achieved in the third quarter. This reflected the rebalancing of the Chinese economy away from investment and manufacturing to consumption. Growth in India plummeted from 10,4% in the third to -1,2% in the fourth quarter of 2015. The recession in Brazil continues.
Article metrics loading...