Spillover from China manageable, barring financial crisis, says OECD

Tokyo

THE impact of a larger-than-expected slowdown in China would be "significant" for many countries in Asia and elsewhere that are heavily exposed to the world's second largest economy, the Organisation for Economic Cooperation and Development (OECD) said on Wednesday.

But it will not derail the global recovery unless combined with a large and widespread correction in global financial markets, it suggested in its latest Interim Economic Outlook.

With an obvious eye …