12 14 16 ARG CHN RUS SGP MAL THA SAR IDN HKG POL BRZ TUR JAP CHL PHL IND GER ITA ZAF MEX FRA KOR UK AUS US CAN Source:: Guavin and Rebillard. 2015 (Banque de Franco ~Icing papar no. 562) 7.3 Simulation of an investment led slowdown that takes growth in China to 3% by 201