Il International Monetary Fund today released its Economic Outlook on China, in which it is foreseen for the current year a slowdown in Chinese GDP growth, expected at 8,25%, down on the previous year (+9,25%) and on the September forecasts of the IMF itself (9%).
This slowdown, according to the IMF, would be to be placed in close relationship with the European recession, which led to a contraction in Chinese exports. If the situation in the Old Continent were to worsen further, the economic backlash for the leading Asian power, whose exports would pay dearly for any collapse in external demand, could in the worst case scenario bring down Chinese growth to a much more modest + 4,25%, 4 points less than the current baseline scenario.
Nonetheless, the IMF underlined how the Chinese economy still has the resources (fiscal and not only) necessary to successfully face the global crisis, which should in any case in 2013, the year for which the development estimates of the Dragon's GDP stand at +8,75%.
