7 Feb 2012

EZ recession tipped to hit China

11:01 am on 7 February 2012

The International Monetary Fund says a recession in the eurozone could almost halve growth in China this year.

The IMF forecasts China's economy will grow by 8.2% this year - but it warns that a recession in the eurozone could cut this to 4.2%.

It says Beijing should get ready to inject billions of dollars into the economy to fend off any downturn.

China's economy grew by 9.2% in 2011, but growth was slowed by the government to avoid over-expansion.