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Thursday, 7 April 2016

IMF Fears China's Collapse


“Purely financial spillovers from China are still very small, but likely to grow considerably as China gradually continues to integrate into the global financial system,” he said. “The evidence underscores the need for policymakers to take into account economic and policy developments in emerging market economies when assessing their own countries’ prospects.”

Morning Ticker

Is China about to cause a global economic meltdown?

The IMF is urging China to take drastic measures to fix things.

Fears that China’s economic shocks will continue and upset the world economy are growing – and economists are worried that the results will be catastrophic.
The International Monetary Fund said in its latest Global Financial Stability Report released on Monday that emerging markets now account for up to 40 percent of the variation between exchange rate fluctuations and stock market returns, and with China’s growing financial influence and the importance of the yuan as a funding currency, further jolts from China have a huge risk on the world economy, according to the report.
After exploding over the past decade, China’s economic growth has suddenly stalled, shaking financial markets over the past year and sending commodities and equities diving all around the world.

Without state help, Mayor Don Guardian said the city will run out of money this month until the next round of tax payments come in.

Bad loans at Indian banks jumped by nearly a third to around 4 trillion rupees ($60.3 billion) late last year as the central bank drives a national clean-up of banks' balance sheets. That figure doubles to a record amount when restructured, or rolled over, loans are included - amounting to 11.3 percent of all loans, the government says.


The U.S. central bank has to be proactive and aggressive to get up to the Federal Reserve's inflation targets, Chicago Fed President Charles Evans said in Hong Kong on Tuesday.

U.S. Trade Deficit Rises to a Six-Month

 High of $47.1 Billion

America’s trade deficit widened in February to a six-month high as an increase in imports exceeded a more modest pickup in shipments overseas. The gap increased 2.6 percent to $47.1 billion from a revised $45.9 billion in January, the Commerce Department reported Tuesday. The median forecast in a Bloomberg survey called for a $46.2 billion February shortfall. The gain in exports was just the first in five months and highlights the squeeze on American manufacturers from a stronger dollar that’s made U.S.-made goods less attractive in a weaker global marketplace. A third straight increase in the deficit indicates trade will weigh on first-quarter growth. “American economic demand is stronger than abroad,” said David Sloan, senior economist at 4Cast Inc. in New York. Still-weak overseas growth in the months to come will mean a “slow and steady gradual increase in the deficit, which will be a modest drag on growth […]

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