HSBC lowers expected GDP and CPI forecast

GDP growth is to amount to 3.1 percent in 2014 and 3.4 percent in 2015, stated a quarterly HSBC report. The previous HSBC report predicted figures of 3.2 and 3.6 percent, respectively. “Due to weaker euro zone growth and political troubles we are lowering the forecast for GDP growth,” claimed the report. Exports will most…

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