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Cross-border capital flows have fallen 65% since the financial crisis, while new production and finance technologies are transforming the landscape for growth and investment. Christine Lagarde discusses the slowdown of the Chinese economy.
By World Economic Forum from Cologny, Switzerland [CC BY-SA 2.0], via Wikimedia Commons
Christine Lagarde: The Slowdown Of The Chinese Economy

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Q4 hedge fund letters, conference, scoops etc
Transcript
First of all thank you very much for summarizing the views that were taking at this at this moment. I would like to qualify a teeny tiny bit what you said. We did revise modestly the forecast for 2019. It’s only a point two percent revision. So it’s modest. What we are essentially saying is number one it is coming from the advanced economies. So we don’t have a synchronized movement as we had observed before. There is a synchronicity in the making. And second we are. We have revised downwards modestly because we are seeing those risks that we had identified pretty far along the horizon which prompted me to say sun is still shining. Fix the roof please. Have resilient economies. But we are seeing those clouds coming much closer. And if I may I’d like to just identify two of those one which I think is particularly relevant. And yet it is not affecting the two major players in that risk. And I mean by

Article From: "Jacob Wolinsky"   Read full article