Monday, 6 February 2012

China To Face Deeper Slowdown If Euro Crisis Intensifies: IMF

China may see its economic growth rate falling by around 4 percentage points this year if debt crisis in Europe worsens, the International Monetary Fund (IMF) said in a report on Monday.
The Fund warned that the risks to China from Europe are both "large and tangible."
According to the report, the rate of growth in China's gross domestic product is expected to fall to 8.25 percent this year from 9.2 percent in 2011, gathering speed in the latter part of this year and rising to 8.75 percent in 2013.

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