Thursday, December 11, 2014
Roubini forecasts a swiftly slowing China
Roubini Global Economics, a leading provider of independent, global macroeconomic research, forecasts China’s 2016 GDP growth at 5.4%—well below the current Bloomberg consensus projection of 6.7%.
“Our recent trip to China underscored the myriad challenges facing the Chinese economy, which is now in the midst of a marked slowdown. Efforts to reorient the economy toward domestic consumption are not occurring quickly enough and President Xi Jinping’s stance on the reform question is a matter of considerable speculation,” said Chairman Nouriel Roubini. “The next few quarters will tell us whether he will commit to making serious changes or opt to maintain the status quo.”
Read More @ http://www.macrobusiness.com.au/2014/12/roubini-forecasts-a-swiftly-slowing-china
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics