Concern over Asian Growth

Here’s a scary thought: What if the economies of China and India — the world’s two major growth engines — slowed suddenly and dramatically?

Is the world prepared for such an event? How far would the collateral damage extend? Perhaps most importantly, what are the chances of a crash in Asia?

According to Larry Summers and Lant Pritchett, these are questions that policymakers should be thinking about — and the all-star economists have produced some new research that warns of danger ahead.   Their argument goes like this: China and India are in the midst of sustained periods of economic growth that are exceptional in both their pace and duration. At some point, this will end.

CNN

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.