Patrick Artus, analyst at Natixis, points out that the Chinese potential growth will decrease markedly as a result of population ageing and the question is therefore whether other countries will be able to take over from China to boost global growth, and India and Africa are often mentioned. Key Quotes “We do not believe that India or Africa will be able to take over from China, for the same reason in both cases: Savings are insufficient to finance the investments needed for growth; This will lead to a shortfall in investment overall and in infrastructure and also to growing external debt; And the growing external debt will lead to a permanent depreciation of the exchange rate, which will make the country poorer due to the deterioration in the terms of trade; Moreover, the population’s level of education is much lower than in China.” “We believe the “curse of insufficient savings” is a serious obstacle to India and Africa having a vigorous long-term growth and to replacing China as the driver of the global economy.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD 3-month ATM volatility hits lowest since June 2014, big move soon FX Street 4 years Patrick Artus, analyst at Natixis, points out that the Chinese potential growth will decrease markedly as a result of population ageing and the question is therefore whether other countries will be able to take over from China to boost global growth, and India and Africa are often mentioned. Key Quotes "We do not believe that India or Africa will be able to take over from China, for the same reason in both cases: Savings are insufficient to finance the investments needed for growth; This will lead to a shortfall in investment overall and in infrastructure and also to growing external… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
