Deutsche Bank Cuts Chinese Growth Forecast
2011-08-18 16:30:56
Deutsche Bank has reduced its 2011 growth forecast for China, reports said Thursday.
The bank lowered its projection for China's growth this year to 8.9 percent from 9.1 percent.
Elsewhere today, global investment bank Morgan Stanley reduced its world economic forecast for this year to 3.9 percent from 4.2 percent. The projection for next year was cut to 3.8 percent from 4.5 percent.