Barloworld scores from commodity prices but eyes effect of China’s slowdown
28 September 2022 - 15:36
UPDATED 28 September 2022 - 19:52
Diversified industrial group Barloworld says while it has been riding the tidal wave of favourable commodity prices, it cautions that miners are mulling the implications of a projected slowdown in demand from China.
China, the world’s second-largest economy, is projected to grow 2.8% this year, down from a previously predicted 5%, according to the World Bank. It also trimmed China’s projected growth from 5.3% to 4.5% in 2023. ..
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