Thursday, December 11, 2014

Roubini forecasts a swiftly slowing China

From Yahoo:

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.”
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Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
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