Louis Kuijs - World Bank Group


Last quote by Louis Kuijs

We are definitely not out of the woods in the bigger scheme of things. Currency is one thing, but I do think that they have not given up. On the contrary, they will be looking at ways to take steps.feedback
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Apr 13 2017 China
Louis Kuijs has been quoted 21 times. The two most recent articles where Louis Kuijs has been quoted are China's exports and imports surge and Asian factories rev up, but Trump threat to demand looms large. Most recently, Louis Kuijs was quoted as having said, “The worry we have is really about US trade policy, which is undeniably turning more protectionist… It is pretty obvious to me that the climate for exports to the US is going to be much harsher in the coming years.”.
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Louis Kuijs quotes

In our view the uptick in construction is premature and we are skeptical whether it can be sustained. While inventories of unsold housing have eased somewhat they are still too high and need to come down more.feedback

The current housing construction pick-up supported overall GDP growth in Q1 and should do so in Q2. However, we think it is likely that the property construction cycle will ease again and that the government will need to continue to rely on other drivers, including infrastructure investment, to meet its ambitious growth target of 6.5 to 7 percent for 2016.feedback

I think that at least the biggest fears about the real economy, fears that came to the surface during the stock market rout...I think those biggest fears were overblown.feedback

The growth picture remains two-sided. The real estate construction slump and weak exports continued to weigh on activity. Meanwhile, though, consumption continued to expand robustly, supported by solid wage growth. The robust growth in the consumption and services nexus is key for policymakers. They need it to avoid labor market stress.feedback

Beijing's moves on stocks and currency "are indicative of tension between the leadership's desire for market-oriented reform and the apparent fundamental objective of control. How this tension will be resolved in the coming years will be central to China's economic development and thus will have major global ramifications.feedback

A level of the currency that would make sense for the U.S. doesn't make sense for China.feedback

Unfortunately, this sends signals that at least in area of the stock market, policymakers are making big mistakes and are going back and forth and have kind of lost the game on policy.feedback

The resilience of the relatively labour-intensive services sector has helped the labour market hold up reasonably well in the first quarter, even though it cooled.feedback

With this momentum that the economy is getting into in 2010, we feel comfortable upgrading our forecast and we now project about 9.5 percent growth – GDP growth – for this year.feedback

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