Monday, February 6, 2012

IMF Downgrades China Growth Prediction

IMF shaves growth estimates for China from 9pc to 8.25pc
THE International Monetary Fund is the latest group to warn of lower growth for China, cutting its forecast for this year to 8.25 per cent from a 9 per cent projected in September.

The IMF's call follows a slew of growth downgrades by economists and a warning by the World Bank that the global economy could slip back into recession.

Any further deterioration of the situation in Europe would further hit China's growth rate, which last year dropped to 9.2 per cent from 10.4 per cent in 2010.

Sorry, you are worried about exports, which are 5% of the Chinese economy instead of fixed asset investment, which is somewhere above 30%, depending upon the analyst? Also, so many of these stats are manipulated. Who knows what's going on inside China.

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