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3.2 percent from the previous forecast of 3.3 percent due mainly to an anticipated slowdown in developing countries and emerging economies, in particular, China, India and ASEAN. The Federal Reserve and

if the global trade rift does not significantly intensify. While the Federal Reserve is expected to hike its policy rate, chances are high that the European Central Bank and the Bank of Japan may opt

following the policy rate increase by the US Federal Reserve, may see an economic slowdown during this quarter. Aside from their fragile economic fundamentals, these countries were vulnerable to capital

monetary policy of central banks worldwide. The Federal Reserve has occasionally signaled that it may become less vigorous in its pursuit of monetary policy tightening. The US central bank is thus expected

’ confidence and derail several countries’ economic recoveries over the medium term. Regarding monetary policy direction of central banks worldwide, the US Federal Reserve may gradually raise its policy rate

forward, any improvement in the global economy will mainly hinge on the above factors. As a result, several central banks are expected to maintain their accommodative stance. Even though the Federal Reserve