Global GDP: Downward revision of world GDP forecast in 2Q and ongoing downside risks ahead

Summary

The August update of our BBVA-GAIN results in a downward revision of our 2Q15 estimates of world GDP quarterly growth, coherent with the stagnation of manufacturing confidence and the spike of financial volatility related to the uncertainty about China’s growth and its management of economic policies. Then, world growth forecast in 2Q15 is 0.6% QoQ, same figure as 1Q15’s.

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