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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