Monday, October 26, 2015

Additional stimulus likely from China – Moody’s

FXStreet (Mumbai) - Moody’s Investors Service in its latest press release published on Monday predicted that the China’s authorities could unveil additional stimulus while they see the ongoing China economic slowdown to continue.

Key Quotes:

“Our forecast is for China's GDP growth to come in at 6.3% in 2016, after just under 7% this year. At these rates, China's GDP growth will be robust by global standards.”

"The slowdown is likely to remain focused on the industry and construction sectors where overcapacity and high leverage constrain the ability of corporates to respond to monetary easing. By comparison, the services sector is likely to be relatively resilient.”

“The overall economic slowdown will be more marked in nominal terms as downside price pressures continue."
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