IMF Predicts Chinese Economic Growth to Impact Gas Prices in Europe

Washington, April 14 – Alfred Kammer, Director of the European Department of the International Monetary Fund (IMF), said that the accelerated growth of the Chinese economy may negatively affect the cost of gas for European consumers.

“There is clearly a risk this year that if China’s recovery is stronger than we expect it will put pressure on prices,” he said in a question at the spring conference of the International Monetary Fund and the World Bank in Washington.

Kammer stressed that natural gas purchases to Europe last winter were secured, among other things, by reducing supplies to China due to the zero COVID policy.

“Certain energy security risks next winter still exist, mostly in the matter of prices,” he said, assessing the situation in Europe next winter.