Mubasher: The global economy’s recovery is expected to continue in 2018, however the Chinese government plans to slow borrowing is a key uncertainty, according to a chief Goldman Sachs economist.
China has pledged to focus less on the pace of economic growth and instead shift the world’s second-largest economy to a more sustainable footing.
"We’re pretty optimistic about the year ahead. We think we still have some room to grow in a lot of the world, and in Asia, said Andrew Tilton, chief Asia-Pacific economist for Goldman Sachs Group said in an interview with Bloomberg.
Meanwhile, India could prove to be stronger than expected as the shock from an unprecedented cash ban and a move to introduce a new nationwide consumption tax begins to fade, Tilton added.
"The good thing about next year is we don’t think we’re going to get those shocks again," he indicated.
