Growth outlook for demand cut
Source: Bloomberg News |
January 19, 2012, Thursday
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Print Edition
Print Edition
THE International Energy Agency cut its forecast for growth in China's oil-product demand this year as the world's second-biggest economy slows.
Consumption may rise 4.3 percent, down from the 5.2 percent growth predicted in December, the Paris-based IEA said in its monthly market report yesterday. The outlook reflects a forecast easing in the nation's economic growth to 9 percent this year from 9.5 percent and a lower baseline this quarter, it said.
Consumption may rise 4.3 percent, down from the 5.2 percent growth predicted in December, the Paris-based IEA said in its monthly market report yesterday. The outlook reflects a forecast easing in the nation's economic growth to 9 percent this year from 9.5 percent and a lower baseline this quarter, it said.
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