China’s rebalancing will weigh on growth across East Asia, warns World Bank, as markets await latest IMF forecasts * World Bank: China slowdown is a risk * IMF may cut forecasts tomorrow 11.33am BST The European Commission is also talking of “progress” in the talks between Greece and its lenders. A Commission spokeswoman said (quote from Reuters): Progress has been made over the weekend. Talks are continuing in Athens today. Our aim remains to conclude the review as soon as possible. 11.29am BST GERMANY’S ECONOMY HAS PICKED UP SPEED IN THE FIRST FEW MONTHS OF THE YEAR, ACCORDING TO THE COUNTRY’S ECONOMY MINISTRY. Domestic demand has been the driver with overseas trade struggling. #IHS forecast Q1 GDP growth at 0.6% q/q. #German economy gained pace at start of year; economy ministry https://t.co/6EJckCSyzm via @Reuters Continue reading...
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