OVERTAKES JAPAN BUT ALSO RUNS RISKS TO MAINTAIN MOMENTUM
S. Sethuraman
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2010-08-20 11:30
China has been lauded for its “pro-active and decisive†policy response which helped its overcoming the global economic crisis and maintain robust growth, estimated at 10.5 per cent this year, while inflation appears to be benign though, according to IMF, a global downturn would have a major negative impact, mainly through trade channels. An IMF staff study notes the fiscal stimulus continues in 2010 and China has space for more counter-cyclical measures and can also loosen monetary policy again to give itself a significant cushion against a worsening of global growth outlook.