World Bank predicts global economy’s real GDP to be 2.9% in 2016

According to experts, the justification for this 0.4-percentage-point decrease from 2015’s figure of 2.4% could be the slowing down of emerging economies such as China and Brazil.  

In South East Asia, the World Bank predicts that vigorous growth in Vietnam and Thailand’s recovery will make up for the weak growth in nations depedent on the consumption market such as Indonesia and Malaysia. However, The Transpacific Partnership has been highlighted as a spotlight to stimulate global trade this year.