IMF’s Georgieva: A more prolonged slowdown in China will have global spill over impact
|International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned about the negative impact of a prolonged Chinese slowdown on the global economy, in a video speech to the annual Boao Forum for Asia on Thursday.
Key quotes
“A more prolonged slowdown in China will have a global spillover impact.”
“Central banks should act decisively and communicate clearly.”
“China has policy space to support the economy.”
Market reaction
As the US dollar recovery gathers steam, AUD/USD is feeling the pull of gravity while traders weigh in the IMF warning.
AIUD/USD is trading at 0.7425, losing 0.33% on the day, as of writing.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.