Transcript of Straits Times interview with IMF chief Christine Lagarde
Published on Apr 4, 2014 1:45 PM
International Monetary Fund (IMF) managing director Christine Lagarde gave an interview to The Straits Times US Bureau Chief Jeremy Au Yong in Washington, DC on April 2, 2014. Here's the edited transcript of the interview.
Q: There has been a lot of concern of late that a slowing Chinese economy could be threat to the global economy. What is your outlook for China and Asia?
A: While some people will argue this is slower, we believe that sustainable, quality, slightly slower growth is fine. We are not concerned about a slight slowing of growth. We expect 7.5 per cent growth this year, which has come down from around 9 per cent, and before that, double digit growth.
But as the Chinese economy has developed so much and increased its size in the global economy, and is also gradually roaring on three cylinders rather than one or two - by that I mean not only exports, but exports, investment and consumption - it's only natural that the economy would slow down a little bit.
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