French Economy Minister sees very weak China growth in next half year
Fresh disputes in China are expected to slow growth in the country radically over the next of 2015 and encourage the US Federal Reserve to delay an increase in interest rates until December at the earliest, French Economy Minister Emmanuel Macron said earlier this week.
“I think we’ll have very weak growth,” Macron told a small group of reporters in Berlin. “Over the next six to eight months we will have a very difficult situation in China,” he said.
“In my view this will lead US Federal Reserve Chair Janet Yellen not to raise interest rates in September. She didn’t want to anyway, now she has the perfect pretext,” he said, adding that he expected a US rate increase in December at the earliest.
Macron said he anticipated the economic problems in China to push up the value of the euro, calling this a “bit of a handicap” for Europe.
"The world economy is recovering but not as much as we wish. It's a very long process. On the one hand, we have opportunities [...] but on the other hand, there are many risks, particularly China today," Macron said in a meeting with German diplomats and journalists in Berlin, as reported by Agence France-Presse. "Over the next six to eight months, we will have a very difficult situation in China."
The Chinese stock market sank 8.5% Monday, one of the worst single-day losses in years, sending markets worldwide into a downward spiral, with the pan-European stock index FTSEurofirst 300 down 5.3% by the end of Monday.
If you are an expatriate living or looking to live in France, your assets could benefit from various means of safeguarding and security. deVere France is an entity that houses regulated financial advisers in France, all of which are highly trained to assess your financial circumstances prior to presenting the most suitable solution for your requirements.
Fresh disputes in China are expected to slow growth in the country radically over the next of 2015 and encourage the US Federal Reserve to delay an increase in interest rates until December at the earliest, French Economy Minister Emmanuel Macron said earlier this week.
“I think we’ll have very weak growth,” Macron told a small group of reporters in Berlin. “Over the next six to eight months we will have a very difficult situation in China,” he said.
“In my view this will lead US Federal Reserve Chair Janet Yellen not to raise interest rates in September. She didn’t want to anyway, now she has the perfect pretext,” he said, adding that he expected a US rate increase in December at the earliest.
Macron said he anticipated the economic problems in China to push up the value of the euro, calling this a “bit of a handicap” for Europe.
"The world economy is recovering but not as much as we wish. It's a very long process. On the one hand, we have opportunities [...] but on the other hand, there are many risks, particularly China today," Macron said in a meeting with German diplomats and journalists in Berlin, as reported by Agence France-Presse. "Over the next six to eight months, we will have a very difficult situation in China."
The Chinese stock market sank 8.5% Monday, one of the worst single-day losses in years, sending markets worldwide into a downward spiral, with the pan-European stock index FTSEurofirst 300 down 5.3% by the end of Monday.
If you are an expatriate living or looking to live in France, your assets could benefit from various means of safeguarding and security. deVere France is an entity that houses regulated financial advisers in France, all of which are highly trained to assess your financial circumstances prior to presenting the most suitable solution for your requirements.