Sep
07
Wall Street Tells Investors to Chill Out Over Chinese Contagion
ByThe slowdown in China that took financial markets on a wild ride the past month won’t be enough to hobble the world’s biggest developed economies.
That’s the consensus from economists at Goldman Sachs Group Inc., Deutsche Bank AG and JPMorgan Chase & Co., with forecasts that could help quell investor concerns over a deceleration in the world’s No. 2 economy.
Number-crunching by JPMorgan Chase economists Joseph Lupton and David Hensley suggests that if China’s expansion slows by 1 percentage point, the spillover to industrial nations is just 0.2 point of gross domestic product…
Wall Street Tells Investors to Chill Out Over Chinese Contagion
