OECD sees limited Evergrande fallout By Reuters
PARIS (Reuters) – Chinese authorities have the capacity to keep the debt crisis at property developer Evergrande in check and the broader fallout should be limited, OECD chief economist Laurence Boone said on Tuesday.
Boone said that China’s authorities possess the financial and monetary ability to cushion the shock. Boone was speaking at a press conference regarding the OECD’s economic forecasts.
She said that the impact would be limited, except in certain cases.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.