BIS central bankers’ speeches  1  Emerging and commodity-exporting economies have been maintaining somewhat high growth rates as a whole, but the pace of growth has been slowing somewhat recently.
The Chinese economy continues to show relatively high growth; however, exports have been negatively affected by the sluggishness in the European economy, and the rates of increase particularly in durable goods consumption and private real estate investment have decelerated to some extent, due in part to the effects of measures to restrain the increase in real estate transactions and monetary tightening implemented so far.