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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
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
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