Goldman Expects China's Growth to Slow to 5.8% in 2020

The video discusses economic forecasts for 2020, focusing on China and its policy approach to slower growth. It highlights the role of local government financing vehicles in China and their associated risks. The discussion shifts to regional growth expectations, particularly for China and Japan, and the impact of global trade conditions. The video also covers monetary and fiscal policy outlooks, emphasizing the shift towards fiscal measures. Finally, it examines the economic prospects and challenges for the Philippines, including growth potential and current account issues.

What is the primary focus of Chinese policymakers in their economic strategy for 2020?

• Boosting growth significantly

• Risk control and managing systemic issues

• Increasing capital outflows

• Reducing credit growth

What role have local government financing vehicles played in China's economy recently?

• They have been the riskiest borrowers

• They have become key in rescuing the private sector

• They have reduced state intervention

• They have increased foreign investments

What is expected to benefit smaller export-oriented economies in the region?

• A decrease in global trade

• A stronger global growth and industrial cycle

• A decline in purchasing managers indexes

• A rise in local government spending

Which country is expected to have the highest economic growth in Asia next year?

• China

• Japan

• Philippines

• India

What is the anticipated trend for the global monetary easing cycle in 2020?

• It will increase significantly

• It is winding down

• It will remain unchanged

• It is expected to continue

What is a potential risk for the Philippines' economy as it grows?

• A reduction in fiscal policy

• A decrease in infrastructure spending

• A decline in inflation

• An increase in the current account deficit

Which central bank is expected to have room to cut rates further in 2020?

• The Central Bank of the Philippines

• The European Central Bank

• The Federal Reserve

• The Reserve Bank of Australia