Economic Growth – Energy Sector “Punches above its Weight” In a webinar today that was chaired by S&P Ratings Services economist Satyam Panday, the agency’s market intelligence arm made some predictions based on their current economic models. Panday said that growth is slowing in many of the world’s emerging economies and that sluggish demand has resulted in inadequate wage and employment growth. He said China represents risk because of its size. “China manifests its own economic challenges,” and that his group expects real growth in China to be 6.3% in 2016. That’s down from 7.3% growth two years ago. “A China slowdown would keep a lid on consumer prices globally.” Panday said the group has revised growth expectations downward for the developed world, based on the downdraft from the numbers reported in the first two months of this year. Here is the long and short of it: China: 6.3% growth in 2016[Read More…]