On March 7, China's National Bureau of Statistics (NBS) stated in the Economic Review and Outlook that in 2015 the world industrial production grew slowly, trade remained slack, the financial market turmoil intensified and commodity prices dropped sharply. It is expected that the global economic growth will likely continue the trend of low interest rates, low inflation, low economic growth and high debt, which will put much pressure on the economic recovery.
In addition, the World Bank expected that global economic growth stood at 2.4 percent in 2015 while it would likely stand at 2.9 percent in 2016, both down 0.4 percentage points than the predicted value made in June 2015.