-1.6 C
New York
Saturday, January 22, 2022

China GDP to slow, will become inflation exporter, money managers say

China GDP to slow, will become inflation exporter, money managers say
© Reuters. FILE PHOTO: People walk along at financial district of Lujiazui in Shanghai, China October 15, 2021. REUTERS/Aly Song

LONDON (Reuters) – China, widely seen as an exporter of disinflation for the past two decades, is likely to drive higher inflation in coming years, the chief investment officer of Neuberger Berman said on Monday.

“The common prosperity drive may be another driver of inflation,” Eric Knutzen told the annual Reuters Investment Outlook Summit, referring to the Chinese authorities’ efforts to create a more equitable society.

Standard Chartered (OTC:SCBFF) Bank CIO Steve Brice told the same panel that he expected Chinese economic growth to disappoint next year, growing at around 5%.

“China won’t come out with wholesale stimulus,” he added.

Source: Investing.com

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

11,077FansLike
12,893FollowersFollow
751FollowersFollow
- Advertisement -

Latest Articles

Popular Articles