Friday, September 23, 2011

Signs of China Slowdown Add To Dim Global Outlook

The Chinese Economy is showing signs of slowing down and is affecting global markets and fears that the global economy is heading towards another recession.

Many forecasters are predicting that the economy will grow above nine percent this year and  next year.
Nations like Australia are heavily dependent on mineral exports from China. The Conference Board expects China to drive about a third of the increase in global GDP for 2011.

Andy Rothem, CLSA Analyst, stated, "If you look at other measures of what is happening in China ... everything is cooling down, but not dramatically, and there is still strong growth."

None the less, China is playing a huge role in world growth.

See Link:

No comments:

Post a Comment