IMF Sees China Rebalancing as Positive for Global Economy

Slower but more sustainable, economic growth in China will benefit the world in the long-term, the head of the International Monetary Fund (IMF) said on Tuesday.

“China itself has embarked on an ambitious multi-year rebalancing of its economy, toward slower and more sustainable growth. This is a positive endeavor that, in the long run, will benefit everybody,” IMF Managing Director Christine Lagarde said in Paris.

“In the short run, however, this transformation generates spillover effects — through trade and lower demand for commodities, and through financial channels as well,” she added.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza