Saturday, November 14, 2015
China: Expect a 'bumpy landing' but no crash
A hard landing would mean a massive collapse in commodity prices and a sharp devaluation of China and other emerging markets’ economies. The risk of the hard landing, is however, relatively low, according to Roubini. He calls what is likely to happen with China a “bumpy landing” – a 6.5% growth slowdown this year and between 5 and 6 percent potential growth next year, rather than complete collapse.
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics