“What’s happening in global economic growth? Citibank's managing director and global chief economist told delegates in a presentation at the seminar, and then proceeded to answer her own question: “Nothing,” she said.
Mann said that while advanced economies are not projected to reach their long-term average growth projections by 2024, emerging markets - including China - are expected to achieve greater strides forward despite significantly slowed growth recently.
“China will never go back to its old growth rate,” she said.
China’s economy grew just 6% year on year in the third quarter of 2019, down from the 6.5% forecast previously forecast for the period.
But although China will have...