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Monday, February 6, 2012

Mfarhanonline:Europe downturn could half China growth: IMF

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Mfarhanonline News

 

The International Monetary Fund is warning that a sharp downturn in Europe could cut China s growth rate by nearly half.

 

The IMF said Beijing should be ready to launch a stimulus to offset the impact of weakening growth abroad if European growth falters due to the continent s debt crisis.

 

The Washington-based body is forecasting 8.2 percent growth for China this year but says that could fall by up to 4 percentage points if Europe s crisis results in large reductions in output.

 

World Bank, the IMF s sibling organization, told China and other developing countries last month they should prepare for a possible global slowdown that it warned might hit them harder than the 2008 economic crisis.
 

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http://www.mfarhanonline.com/2012020640835/europe-downturn-could-half-china-growth-imf/

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