The company attributed the decline to
weak global economic recovery, slow growth in China and low international crude oil prices.
Not exact matches
The report noted that many policymakers see
weak credit growth generally in the
global economy as a primary reason behind the slow
economic recovery.
We expect the Fed to raise rates just once this year — likely in December — and to proceed cautiously given the unevenness of the domestic
economic recovery, as highlighted by
weak retail sales data released last week, and
global growth uncertainties.
The
weaker overall outlook for
global economic growth could prove the decisive factor in persuading the ECB to further ease monetary policy in a concerted effort to stop the eurozone's
recovery from stalling.