26.8.15

Dica (123)




«China is not going to drive global demand any more. The rest of the world must now resign itself to lower growth for the foreseeable future. Countries must find ways of generating their own domestic demand. This suggests that loosening, rather than tightening, both monetary and fiscal policy will be the appropriate course of action for most countries, including the US and UK, in the near future. Interest rate rises? Forget it.»
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