Global Industry Forecasts > Quarterly Industry Forecasts > Engineering And Metal Goods

Chinas sinking investment demand remains the dominant sectoral theme, but the good news is that the situation is no worse than we expected three months ago, and forecasts are largely unchanged. We expect global growth of 1¼% in 2015, compared to 3.6% in 2014, which follows China, for which we anticipate 6¾% growth in 2015, down from 8.1% in 2014. Fortunes in the rest of Asia Pacific should follow those of China: struggling this year but returning to growth next, In the developed world, Europe seems on the cusp of an investment recovery, while the US labours under the headwinds of a strong dollar.