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dc.contributor.authorAlonso-Álvarez, Irma
dc.contributor.authorSantabárbara, Daniel
dc.contributor.authorSuarez-Varela, Marta
dc.date.accessioned2023-12-15T09:55:37Z
dc.date.available2023-12-15T09:55:37Z
dc.date.issued2023-12-15
dc.identifier.issn1695-9086 (en línea)
dc.identifier.issn1130-4987 (en papel)
dc.identifier.urihttps://repositorio.bde.es/handle/123456789/35632
dc.description.abstractRationale Having picked up following the end of the zero-COVID policy, Chinese economic activity is now slowing. This comes against a backdrop of, inter alia, increased uncertainty related to difficulties in the domestic real estate sector. This article examines and quantifies the different channels through which a potential slowdown in the Chinese economy could affect activity and inflation levels in the world’s major economies. Takeaways • A growth slowdown in China, partly linked to problems in its real estate sector, could pose a downside risk to activity levels in the world’s major economies. • This impact would be felt, with varying intensity, through various channels: trade, commodities and international financial markets. • In the euro area, a temporary slowdown in Chinese economic activity of 1 percentage point (pp) would reduce GDP growth by 0.1 pp in the first year, while lowering inflation by 0.4 pp.
dc.format.extent11 p.
dc.language.isoen
dc.publisherBanco de España
dc.relation.ispartofEconomic Bulletin / Banco de España, 2023/Q4, 06
dc.relation.hasversionVersión en español 123456789/35612
dc.rightsReconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
dc.rightsIn Copyright - Non Commercial Use Permitted
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
dc.rights.urihttp://rightsstatements.org/vocab/InC-NC/1.0/
dc.subjectChina
dc.subjectSlowdown
dc.subjectSpillovers
dc.subjectCommodities
dc.subjectUncertainty
dc.subjectGlobalización
dc.subjectComercio de materias primas
dc.subjectEfectos de contagio
dc.titleThe potential global effects and transmission channels of a slowdown in Chinese growth
dc.typeArtículo
dc.identifier.bdebib000475225
dc.identifier.bdepubECBU-2023-Q4-06
dc.publisher.placeMadrid
dc.subject.bdeEconomía internacional
dc.publisher.bdeMadrid : Banco de España, 2023-12-15
dc.subject.jelF01
dc.subject.jelF40
dc.subject.jelE50
dc.subject.jelE60
dc.identifier.doihttps://doi.org/10.53479/35632
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