Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Economy
In reply to the discussion: STOCK MARKET WATCH - Monday, 6 February 2012 [View all]xchrom
(108,903 posts)38. IMF warns Europe downturn could cut China growth
http://hosted.ap.org/dynamic/stories/A/AS_CHINA_IMF_ECONOMY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-02-06-03-26-35
BEIJING (AP) -- A sharp downturn in Europe could cut China's economic growth rate nearly in half, the International Monetary Fund said Monday, adding to warnings about a possible severe global slowdown this year.
The IMF said Beijing should be ready to launch a multibillion-dollar stimulus to ward off a slump in the world's second-largest economy.
The IMF is forecasting 8.2 percent growth this year for China but said that could be reduced by up to 4 percentage points if Europe's crisis causes large declines in credit and output.
"The global recovery is threatened by intensifying strains in the euro area and fragilities elsewhere," it said. "In the unfortunate event such a downside scenario becomes reality, China should respond with a significant fiscal package, executed through central and local government budgets."
BEIJING (AP) -- A sharp downturn in Europe could cut China's economic growth rate nearly in half, the International Monetary Fund said Monday, adding to warnings about a possible severe global slowdown this year.
The IMF said Beijing should be ready to launch a multibillion-dollar stimulus to ward off a slump in the world's second-largest economy.
The IMF is forecasting 8.2 percent growth this year for China but said that could be reduced by up to 4 percentage points if Europe's crisis causes large declines in credit and output.
"The global recovery is threatened by intensifying strains in the euro area and fragilities elsewhere," it said. "In the unfortunate event such a downside scenario becomes reality, China should respond with a significant fiscal package, executed through central and local government budgets."
Edit history
Please sign in to view edit histories.
49 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Why Don't We Pay People Enough? 8 Facts About America's Struggling Working People
Demeter
Feb 2012
#5
I had the same reaction. Capitalism "ended mass privation?" Um, so all those poor and homeless
tclambert
Feb 2012
#48
Schneiderman MERS Suit, HUD’s Donovan Remarks Confirm: Mortgage “Settlement” is Stealth Bank Bailout
Demeter
Feb 2012
#12