27.01.2015 - China slowdown may further deflate commodity prices
Slowing GDP growth in China is leading to weaker demand for commodities, contributing to lower global commodity prices, QNB has said in a report. According to the Chinese National Bureau of Statistics (NBS), real GDP growth slowed to 7.4% in 2014, below the government target of 7.5% and the slowest annual growth rate in 24 years. To boost growth, the government is trying to push the economy towards a more consumption-led growth model, but this could take some time, QNB said. The IMF expects the slowdown to continue, which could push commodity prices down further in 2015 and beyond. This will add to the deflationary pressures that are threatening the global economic recovery...............................................Full Article: Source
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