World Bank Warns of Slower Growth in Emerging Markets

By Unknown

Rabu, 31 Agustus 2016

World Bank Warns of Slower Growth in Emerging Markets

Jim Yong Kim said Thursday that emerging markets will experience slower growth in the near future.
"There are a lot of headwinds," the president of the World Bank told CNBC "Squawk Alley." "A large part of it is the fact that the prices of commodities are down and continue to be there, and a lot of it has to do with the rate of slowing growth in China. "

earlier Thursday, the Caixin / Markit PMI index showed manufacturing in the region dropped to a further 6 1/2-year low of 47.2, ticking down reading of 47.3 in August, but still better than an earlier flash estimate of 47.
Kim also said that a possible Federal reserve rate hike would limit access to capital for emerging markets. "All these things give us a sense that growth will be slower in the world, especially in emerging markets."

Kim echoed the remarks made by the IMF Managing Director, Christine Lagarde, who said Wednesday CNBC that emerging markets are likely to see their fifth consecutive year of declining growth rates.

via CNBC

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