IMF chief warns of risks from a prolonged China slowdown
A prolonged slowdown in China would have substantial global spillovers, IMF Managing Director Kristalina Georgieva said, but added that Beijing has room to adjust policy to provide support. The International Monetary Fund on Tuesday cut its growth forecast for China this year to 4.4 per cent, well below Beijing’s target of around 5.5 per cent, on the risks of widespread COVID-19 lockdowns and supply chain disruptions. In a video speech to the annual Boao Forum for Asia, Georgieva said China’s actions to counter its economic slowdown are vital for the ...
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