IMF slashes China forecasts
Source: http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert/0/0/imf-slashes-china-forecastsPosted on Monday, December 15th, 2008 | In Asia
These are some of the a title=imf target=_blank href=http://www.reuters.com/article/economicNews/idUSLF4065320081215most worrisome quotes/a I’ve ever heard about the Chinese economy. And they are from the head of the International Monetary Fund. brbrWe started with China at 11% growth, then 8%, then 7% then
China will probably grow at 5% or 6%. The possibility of a
global recession is real, we realize something must be done. brp We are facing an unprecedented decline in output and we
have evidence of substantial uncertainty limiting the
effectiveness of some fiscal policy measures./p
p We anticipate that the gross effect will last some time. We
need large and diversified stimulus support that will last
longer than one or two quarters./ppWhat the IMF is telling us is that things are going to get very ugly. /pp/p
Last 5 posts by Tony Sagami
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 About Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert)
Tony Sagami, a veteran investment advisor and a leading expert on Asian markets, is the owner and founder of Harvest Advisors, an investment research and money management company. Mr. Sagami has been managing money for more than 20 years and is one of the early pioneers in the application of technical and quantitative analysis to mutual funds and stocks. He is a featured contributor to Weiss Research’s daily e-letter, Money and Markets and monthly Safe Money Report as well as the editor of Asia Stock Alert. Prior to establishing his own firm, Mr. Sagami was managing director at W.E. Donoghue & Co, serving additionally as the director of investment. During his successful career, he also held the position of account executive at Merrill Lynch. Mr. Sagami’s views on Asian markets, specifically Chinese investments, have been featured in publications such as The Wall Street Journal, Barron’s, Kiplinger’s, Smart Money, Business Week, New York Times, Washington Post, Investors Business Daily, Bloomberg, Financial Planning Times, Mutual FundsMagazine, Chicago Tribune, and the LA Times, as well as on CNBC and CNBC Asia. Mr. Sagami holds a degree in economics from the University of Washington. |
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