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A prolonged China slowdown raises risks for global economy, IMF chief says

A prolonged slowdown in China would have substantial global spillovers, IMF Managing Director Kristalina Georgieva said on Thursday, but added that Beijing has room to adjust policy to provide support. The International Monetary Fund on Tuesday cut its growth forecast for China this year to 4.4%, well below Beijing's target of around 5.5%, on the risks of widespread COVID-19 lockdowns and supply chain disruptions. In a video speech to the annual Boao Forum for Asia, Georgieva said China's actions to counter its economic slowdown are vital for the global recovery.

Reuters - April 21, 2022

View the full story here: https://www.reuters.com/world/china/imf-chief-warns-risks-prolonged-china-slowdown-2022-04-21/