Top 10 economies by growth rate among G20

0 Comment(s)Print E-mail China Daily, September 1, 2015

Moody's has downgraded growth forecast in the G20 economies to average 2.8 percent next year, from 3.1 percent, said the rating agency.

Weaker-than-expected activity in the second quarter has also led the Moody's to revise down this year's growth projection, according to its report released Friday.

China's GDP growth forecast in 2016 has been lowered to 6.3 percent from 6.5 percent previously, the latest update showed.

The revision mainly reflects the impact of a more marked slowdown now forecast in China and more prolonged negative effects of low commodity prices on G20 producers than earlier expected, said the report.

Here's a list of the top 10 G20 economies by growth forecast in 2015, compiled by the Moody's.

A ferry boat moves in the front of the Sydney Opera House, which is lit up in red to celebrate the Chinese lunar New Year, in Sydney, Australia, on Feb. 10, 2013. The Chinese Spring Festival falls on Feb. 10 this year, marking the start of the Chinese Year of the Snake. [Xinhua]



10. Australia

Expected growth in 2015: 1.5-2.5%

Expected growth in 2016: 1.5-2.5%

Growth in 2014: 2.7%

1   2   3   4   5   Next  


Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter