United States Economic Outlook Third Quarter 2015

Summary

Favorable outlook for developed markets but additional downside risks for growth in emerging markets, with a particular focus on China. First federal funds rate hike expected in September, but global pressures could delay liftoff until December. Lingering uncertainties on top of the slow pace of growth in 1Q15 have forced us to revised down 2015 growth from 2.9% to 2.5%

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