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
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.
Alfonso Esparza
Latest posts by Alfonso Esparza (see all)
- Canadian Inflation Lifts Probabilities of an October Rate Hike - 09/21/2018
- US Dollar Recovers Ground Ahead of Fed Meeting - 09/21/2018
- Loonie Flat as NAFTA Hope is Cancelled by Oil Drop - 09/20/2018