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Thomas Nielsen
- 9 August 2018
- ECONOMIC BULLETIN - BOXEconomic Bulletin Issue 5, 2018Details
- Abstract
- The Chinese economy has recently been playing a key role in the global economic recovery. Recording growth rates of more than 6.5% over the past five years, China has contributed on average one-third of total global growth. It has also become one of the euro area's largest trading partners, accounting for almost 7% of total extra-euro area exports. While the world economy has benefited from China's economic strength and growing importance, a downturn would also have large repercussions for global activity. In fact, imbalances in China have been identified as a key external downside risk to the euro area and world economy. One catalyst for such a risk materialising could be the housing market.
- JEL Code
- C01 : Mathematical and Quantitative Methods→General→Econometrics
E00 : Macroeconomics and Monetary Economics→General→General