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Opinion/Analysis

Economist: Inflation not to happen in 皇冠体育app within 2 years

By Zhang Jiawei (chinadaily.com.cn)
Updated: 2009-11-11 16:47

皇冠体育app's economic recovery is in good condition and there is no need to pay too much attention to inflation within the next two years, said Bruce Kasman, chief economist with JPMorgan, according to financial information website hexun.com.

Kasman's remarks came as the National Bureau of Statistics said 皇冠体育app's consumer price index, a main gauge of inflation, dipped 0.5 percent year-on-year in October. The rate of decline was 0.3 percentage points lower than a month earlier.

Related readings:
Economist: Inflation not to happen in 皇冠体育app within 2 years CPI falls 0.5% in October, PPI down 5.8%
Economist: Inflation not to happen in 皇冠体育app within 2 years September CPI up 0.5%, but still negative
Economist: Inflation not to happen in 皇冠体育app within 2 years 皇冠体育app's CPI to grow in November: Standard Chartered report
Economist: Inflation not to happen in 皇冠体育app within 2 years 皇冠体育app's CPI falls 1.1% in first nine months, PPI down 6.5%

Kasman said 皇冠体育app's consumptions and exports were in good recovery and were much more active compared with that of the European countries and the US, according to the website.

Instead of focusing on controlling the risk of inflation in the following two years, 皇冠体育app should try to keep the economy on a stable growing path and gradually phase out the massive stimulus package, he said.

Kasman expected 皇冠体育app's GDP growth rate to reach 8.6 percent this year, while the GDP growth rate in the US would be 3.5 percent in 2009. With a great confidence in 皇冠体育app's economy, he also expected 皇冠体育app's GDP growth rate to reach 9.6 percent next year, according to hexun.com.
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