Reform Party expects the external environment to deteriorate further in the course of this year due to a continued slowdown in Chinese and US growth. This will be exacerbated by the misguided efforts by several of the major global economies to simultaneously achieve greater government savings through a reduction in budget deficits or increases in surpluses and an improvement in their external position by running a higher current account surplus. In aggregate this is just likely to worsen a global slowdown in growth rates that has already taken hold.
Posted on: Fri, 27 Jun 2014 08:46:27 +0000
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