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The forecast of GDP growth for China from Standard & Poor's: decrease to 6,9%
Standard & Poor's, an international rating agency, cut its GDP growth forecast for China and Japan, while improving it for India.
According to the forecasts of the agency's economists, in 2015, China's GDP will grow by 6,9% against the previously expected 7,1%. In 2016, a decrease of 1% from 6,7% to 6,6% is expected.
Japan's GDP this year should be 0,7%, which is lower by 5% than the previous forecast of 1,3%. In 2016, it will decrease by 8% to 1,3% with 2,1%.
Simultaneously, the agency's press release says that India's economy will rise by the end of the financial year to 7,9%, while the previous forecast was only 6,2%.
At the end of January the international agency Standard & Poor's announced that it had downgraded Russia's credit rating by one notch to a speculative level.
Representatives of Moscow and Beijing are based on new methodologies, free of ideologies, they plan to create a new international independent rating agency Universal Credit Rating Group, President of the Chinese rating agency Guan Jianzhong told Vesti Ekonomika.