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.

This is a breaking news story, please check back later for more.

Comment via Facebook

Website Services: Register a web address with us and receive everything you need to get online. Give your website the reliable, high-performance hosting it deserves. Create a unique and professional email address based on your domain.