The International Monetary Fund said Tuesday that it expects the Chinese economy to grow 8% in 2021, but added that the economic recovery remains unbalanced. Reuters.
Featured statements
“Asia’s economy will expand 5.7% in 2022, 0.4% more than the April forecast.”
“Inopportune policy normalization or misinterpreted policy communications by the United States could trigger a capital outflow and increase borrowing costs for emerging Asian economies.”
“Risks to Asia’s growth were tilted towards pandemic uncertainty, supply chain disruptions and potential spillover effects of food policy normalization.”
“Asia’s economy will expand 6.5% in 2021, 1.1% less than the April forecast.”
Market reaction
This report does not appear to have a noticeable impact on the mood of the market. At time of writing, S&P futures were up 0.5% to 4,500.
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