IMF releases their latest projections on the Chinese economy
- 2020 GDP forecast seen at 6.0% from 6.1% previously
- China's stimulus is sufficient to stabilise growth in 2019-20
- But uncertainty around trade tensions remains high
- Some additional easing will be warranted if trade tensions escalate further
- Fiscal expansion could be used to help stabilise China's economy
The headline will do little to ease the slightly nervous tones in markets as we begin the session. Again, this feeds into the overall narrative of slowing global economic conditions and adds to earlier gloomy headlines from Asia Pacific trading.
