Tuesday, 7 February 2012


Euro crisis could almost halve China's growth, IMF says


The IMF forecasts China's economy will grow by 8.2% this year - but warns that a recession in the eurozone could cut this to 4.2%.
It said Beijing should get ready to inject billions of dollars into the economy to fend off any downturn.
China's economy grew by 9.2% in 2011, but growth was slowed by Beijing to avoid over-expansion.
The IMF's report comes as Greece enters another day of crisis talks aimed at finalising a 130bn-euro (£108bn; $171bn) European Union bailout.
Athens needs the money by mid-March to avoid default on its debts.

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