The Traderszone Network

Published in TZ Latest News 22 August, 2015 by The TZ Newswire Staff

IMF official says ‘premature’ to speak of Chinese crisis

Fresh evidence of easing growth in China hammered global stock markets on Friday, driving Wall Street to its steepest one-day drop in nearly four years. “Monetary policies have been very expansive in recent years and an adjustment is necessary,” said Carlo Cottarelli, an IMF executive director representing countries such as Italy and Greece on its board.