January 2016

[admin]

And he's got a point. China isn't about to fall off a cliff as we argued in the previous entry

Global financial markets seem to be overreacting to falling oil prices and the risk of a sharp downturn in China's economy, the chief economist of the International Monetary Fund said on Tuesday. Speaking after the IMF cut its global growth forecasts for the third time in less than a year, Maurice Obstfeld also said it was critical that China is clear about its overall economic strategy, including its currency.

IMF chief economist sees overreaction in markets to oil, China - Yahoo Finance