We are going to be in for a bumpy ride in 2016: Peter Dixon, Commerzbank

In a chat with ET Now, Peter Dixon, Commerzbank, says as China switches gears, there will be casualties in the world economy

ET Now: We had George Soros today say that the hard landing in China he believes will deepen the stock rout. Do you believe that as China sort of switches gears, it is bound to stall?

Peter Dixon: Well I think there is a real risk that the policy makers could lose control of the situation because it is quite evident that they are not going to switch gears as smoothly and as rapidly as they would have liked. Unfortunately, we are shifting from one equilibrium path to another, from a high growth to low growth path if you like and unfortunately there will be casualties. So, I suspect that we are going to be in for a period of very bumpy developments when it comes to financial markets in particular over the course of 2016.