Ratings agencies. What would we do without 'em?
Fitch on China:
- Sharp china slowdown would hit global growth hard
- Sharp slowdown in China's GDP growth rate to 2.3% during 2016-2018 would disrupt global trade and hinder growth
- On sharp slowdown in China's GDP growth rate-this would keep short-term interest rates and commodity prices lower for longer
- Impact of China slowdown would be felt most in emerging markets,particularly in Asia and Latin America
- Greater-than-expected deceleration in China's economy would've great implications for global growth, corporate credit quality, monetary policy
Headlines via Reuters
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