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Fitch said in its Global Economic Outlook.....>

CHINA: Fitch said in its Global Economic Outlook that the "slowdown we are
expecting in China in the near term is relatively modest and all the while
China's weight in global GDP is rising - adding to its global growth
contribution. Barring a renewed commodity price slump there is space for demand
to recover further in EM commodity producers."
- But Fitch warns that "caution is still warranted on the medium-term growth
outlook. Supply-side growth potential in the advanced economies will be dampened
by deteriorating demographics and sluggish productivity growth. Current rates of
GDP growth are well above Fitch estimates of potential across most major
advanced economies. This implies that spare capacity is diminishing and has
implications for policy support as current expansionary settings will become
harder and harder to justify. And while credit growth in China has recently
slowed, it continues to outpace nominal GDP. The process of stabilizing debt in
China is likely to take a toll on growth in the medium term."

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