could arise from higher uncertainty surrounding the UK's exit from the EU, weaker-than-expected growth in the UK and the euro area, and geopolitical tensions in the Eastern Mediterranean, it says.
Uwaleke said that the target would not be achievable following downside risks
such as election spending and implementation of minimum wage.
Moody's does not expect a slowdown in China's growth to be a significant downside risk
this year, said Vice President and Senior Analyst Joy Rankothge in a release.
While growth was buoyant, the StanChart economists was seeing downside risks
to the current account.
are persistently low oil prices further pressuring external and fiscal accounts, deeper than expected rating downgrades and lack of Saudi support.
She concludes that benefits must be distributed fairly, with downside risks
well managed, or public support for globalization will disintegrate.
In our view, ongoing tensions between Russia and Ukraine will pose downside risks
to exports as we could see disruption in transportation for the crop.
It added, however, that "the downside risks
that surround the global recovery on the back of challenges facing the Euro zone and the softening growth in emerging markets could pose downside risks
to domestic GDP going forward".
THOUGH downside risks
to the economy have receded in recent months, it is likely that the growth engine will continue to chug in the slow lane until 2015 even if Bharatiya Janata Party's candidate Narendra Modi becomes Prime Minister, according to a report released by rating agency Moody's analytical arm.
to our five-year forecasts include subdued demand from EU states, depreciation of the Turkish lira raising production costs, political unrest in the country and a global weakening of steel prices.