China Economic Outlook : Second quarter 2019

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      <subfield code="b">: Second quarter 2019</subfield>
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      <subfield code="a">1. Soft landing of the global economy. 2. Global stabilization is in sight. 3. Growth recovery is set to be mild and gradual. 4. Hard-landing risk has eased.</subfield>
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      <subfield code="a">World growth has slowed down more than expected over recent months, increasing fears of a hard-landing of economic activity. In this context, the Fed and the ECB have altered their roadmap and have announced new monetary stimulus measures. Similarly, China has implemented additional expansive policies, both of a fiscal and monetary nature. This reaction by the economic authorities in the main economies brings about a milder slowdown of world growth. However, an unforeseen reduction in dynamism in the Chinese economy, a new wave of protectionist measures and the disorderly exit of the UK from the European Union, among other risks, could trigger more negative scenarios.
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