The Chinese economy grew at a 6.8% annual rate in the December quarter, near forecasts of 6.9%. * The International Monetary Fund expects the global economy to grow by 3.4% in 2016, up from 3.1% in 2015 but down from the 3.6% forecast made in October. Growth of 3.6% is expected in 2017....
The Chinese economy grew at a 6.8% annual rate in the December quarter, near forecasts of 6.9%.
* The International Monetary Fund expects the global economy to grow by 3.4% in 2016, up from 3.1% in 2015 but down from the 3.6% forecast made in October. Growth of 3.6% is expected in 2017.
* US sharemarkets fell in afternoon trade after spiking higher at the open of trade. Traders absorbed economic data and earnings results from Morgan Stanley and Bank of America. After being up 183 points at one stage, with an hour of trade to go the Dow Jones was down by 85 points or 0.5%. The S&P 500 was down by 0.8% while the Nasdaq lost 55 points or 1.2%.
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