IMF’s Lagarde says a China slowdown, if fast, would constitute a real risk
The International Monetary Fund‘s Managing Director, Christine Lagarde, told a panel in Davos that the current slowdown in China’s economy is both fine and legitimate.
Speaking at the World Economic Forum (WEF), Lagarde said while China’s slowing growth has been a concern, it looked to be under control.
“That the Chinese economy slowing down is fine. It is legitimate its is right and I think it is very much to be controlled by Chinese authorities,” she said. The Dow Jones Industrial Average sank 300 points on Tuesday after China reported its slowest economic growth in almost three decades.
“Should the slowdown be excessively fast, it would constitute a real issue both domestically and probably on a more systemic basis,” she added.
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