The world should prepare for this through policies for reconciling China’s rise with continued openness in the global economic order. 8. Arvind’s conclusions are clearly contentious and contestable. However, in the best practice of intellectual integrity: (i)  He clearly lays out his assumptions about US and Chinese growth rates.
Core inflation is  BIS central bankers’ speeches  1  expected to increase gradually over coming quarters, reaching 2 per cent by the middle of 2013 as the economy gradually absorbs the current small degree of slack, the growth of labour compensation remains moderate and inflation expectations stay well-anchored.