scorecardresearch
OECD sees limited impact of Evergrande crisis

OECD sees limited impact of Evergrande crisis

"The impact here would be fairly limited except for obviously some special companies," OECD chief economist Laurence Boone said

"The impact here would be fairly limited except for obviously some special companies," she added "The impact here would be fairly limited except for obviously some special companies," she added

Chinese authorities have the capacity to keep the debt crisis at property developer Evergrande in check and the broader fallout should be limited, OECD chief economist Laurence Boone said on Tuesday.

"We think that the Chinese authorities do have the fiscal and monetary capacity to buffer the shock," Boone told a news conference on the OECD's latest economic forecasts.

"The impact here would be fairly limited except for obviously some special companies," she added.

Published on: Sep 22, 2021, 8:02 AM IST
Posted by: Mehak Agarwal, Sep 22, 2021, 7:56 AM IST