World Bank says sharp slowdown in China would hurt NZ, Australia

Mon, 13 Apr 2015

By Tina Morrison April 14 (BusinessDesk) - A sharp slowdown in China would hurt commodity exporting countries like New Zealand and Australia and spill over into Pacific Island countries, the World Bank says in its latest East Asia Pacific Update. The global institution yesterday lowered its 2015 growth forecast for China, Asia's largest economy, to 7.1 percent from a previous estimate of 7.2 percent, and its 2016 estimate to 7 percent from 7.1 percent. China will release its first quarter gross domestic product data tomorrow, which is exp...

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