China is expected to grow by 6,5 per cent in 2017, as a policy bias of easy fiscal policy and accommodative monetary policy is expected to remain in place. However, the rapid expansion of credit, combined with insufficient progress in addressing corporate debt, raises the risk of a sharper slowdown or a disruptive adjustment.
The euro area bank lending survey for the fourth quarter of 2018 suggests that overall bank lending conditions remained favourable, following an extended period of net easing, and demand for bank credit continued to rise, thereby underpinning loan growth.