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IMF warns that Eurozone recession would slash China growth

Monday 6th February 2012, 12:31pm
WORLD ECONOMY
JOHN DUNNE

A Eurozone recession could almost halve Chinese growth this year, the International Monetary Fund (IMF) has warned.

The IMF forecasts China's economy will grow by 8.2 per cent this year.

However, a Eurozone recession could cut this to 4.2 per cent, it said.

The warning came as Greece was facing default if it failed to agrees a new package of stringent measures required by the EU today.

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