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Data exaggerate impact of China slowdown, US monetary and financial diplomacy

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Commentary: Data exaggerate impact of Chinese economic slowdown

By James Carrick in London

China is likely to grow at a rate of 6% in 2019, significantly lower than the 8.25% recorded each year on average over the last decade and the double-digit average growth rates in the years before the 2008 financial crisis.

Although these figures appear alarming, onlookers should not be overly worried. Since 2005, China’s share of the world economy has more than tripled to 16% from 5%.

This larger share means 6% growth today is equivalent to 15% growth a decade ago.

Read the full commentary on the website.

Meeting: US monetary and financial diplomacy – Past, present and future

Wednesday 30 January, London, 16:45 GMT

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A discussion with Mark Sobel, former deputy assistant secretary for international monetary and financial policy at the US Treasury, and Mark Bowman and Steve Field, director general and director, respectively, of international finance at HM Treasury. Topics will focus on the US economic outlook, challenges to the dollar as the global reserve currency, the dollar’s geopolitical impact, and the role of multilateral organisations in safeguarding financial stability and fostering economic diplomacy.

Request to attend the meeting.

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