SLOW ECONOMIC GROWTH THROUGHOUT THE GLOBE… NEXT YEAR 2016….

economic forecast 2015

By: Economic & Finance Report

The world continues to slow down economically, and will continue until 2016 as well. Stagnation seems to be currently occuring for the rest of 2015 and this will also hinder 2016 prospects. More developed countries such as the US, Great Britain, Germany, have been able to weather the storm and hold up recovery efforts being influenced world wide.

However OECD (Organization for Economic Cooperation & Development) indicates that future outlook seems bleek for the most part for the next couple of years because of the slowdown of the economy in Japan, and other eurozone/european countries. They instituted this as being ” puzzles and uncertanties”¬†

The OECD maintained that “prospect of higher interest rates in the US and UK had exposed the vulnerability of emerging market economies to higher borrowing costs.” ¬†

China and Brazil happen to be two of the hardest countries hit by the  economic slowdown. -SB

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