On a global basis, the International Monetary Fund (IMF) is looking for slower growth than anticipated in June, when they were forecasting global GDP of 3.3 percent. The IMF believes China will be able to support growth: “The [Chinese] authorities will have the political and financial tools to manage this transition.”
President Vergara characterized the report to Congress: “I think we have a scenario of low growth for this year and moderate growth for next year. More than optimistic or pessimistic, this report is realistic, and is posing a moderate, gradual recovery of growth into next year, but we will continue to grow at lower rates to our potential growth. The external scenario will obviously have an impact. If external factors [in Latin America and China] evolve more negatively than we expect in the baseline scenario, it will have a negative impact on growth. ”