The case
“If things continue as before, the economy in China will soon only grow by 3 % instead of the previous 8 to 10 %. This is also bad news for the rest of the world” (Gita Gopinath, former Harvard professor and current first vice president of the IMF)
Source: NZZ online / Bloomberg Gita Gopinath
The commentary
The International Monetary Fund (IMF) prevents major crises by stepping in when over-indebted countries become insolvent. With its annual technical analyses of member countries’ economic policies, it aims to prevent major crises from occurring in the first place. According to the NZZ, it is one of the last international organisations that functions despite all the geopolitical tensions.
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