US ratings agency out with their latest overview

  • private consumption is holding up in largest economies
  • forecasts global 2016 GDP of +2.6% and 2017 +2.7%
  • US Fed likely to proceed with caution after its first hike predicted for later this month
  • expects Fed to hike 4 times before end-2016
  • expects China's growth to weaken further in Q4 2015 and 2016
  • Brazil GDP expected to fall by 3.75 in 2015 vs -3.0 % prev forecast
  • of BRICS only India performing as per forecasts

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