IMF Turns Negative On China, Revises Growth Down
The IMF mission to China reported that the growth rate of the nation could be halved, by 4% from its current 8.2%. The IMF took the figure down to 8.2% only two months ago. The agencies belief is that not…
The IMF mission to China reported that the growth rate of the nation could be halved, by 4% from its current 8.2%. The IMF took the figure down to 8.2% only two months ago.
The agencies belief is that not even the mighty Chinese economy and the growing consumer activity of its huge middle class can press through the headwinds that will be created if the EU goes into a deep recession. What the IMF did not say is that for China’s GDP to drop by half, the US market would have to hit deep troubled as well. Recently, American numbers have shown strength
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