Apr 26, 2023 Financial markets are grounded in trust. When trust falters, dislocation follows. Panic in short-term financing markets in the United States could ignite a larger crisis in the overall economy, creating a vicious circle that undermines growth. U.S. EconomyFinancial CrisisQE Downside...
In 2023, the global economic growth will face a strong headwind. According to the projections of IMF in January 2023, the world economic growth will fall from 3.4% in 2022 to 2.9% in 2023, and the advanced economies’ growth will decrease from 2.7% in 2022 to 1.2% in 2023. The GDP g...
The government’s own feelings towards the economy are hard to read. During the global financial crisis, after world trade fell off a cliff, China’s authorities swooped in with vast stimulus, which propelled economic growth and spilled over to the rest of the world. Today they seem in no ...
Given the fact that the U.S. economy grew by 2.8 percent in 2024, the much faster growth in China than in the United States exposes the absurdity and the pure propaganda character of such claims made by U.S. media as that China's economy is in crisis while the U.S. economy is expe...
"In Europe, in America, we may have a financial crisis. We have inflation in Europe, 7 percent in Germany, 5 percent in the U.S., and under 2 percent in China." "We also expect a re-positioning of the Chinese economy, moving not only from investment to consumption, but also from ...
The year 2023 is proving to be another challenging year for the global economy. Amid the global inflation crisis and the impact of the Ukraine crisis, overall growth across the board is low. Some major economies, such as the eurozone, are officially in a state of recession. Others, like th...
The target also takes account of the potential for growth and the conditions supporting growth, it said. Over the past decades, China's economy has overcome odds such as the COVID-19 pandemic, natural disasters and the global financial crisis, and has managed to maintain consistent growth while...
The global financial crisis in 2008 transformed China into the engine of the global economy, Rashid recalled. Restoring China's role as an engine is good news for many other developing countries, he added. WESP 2023 paints a gloomy picture of the global economy and warns that multiple and in...
China's economy is still growing steadily and the government has multiple policy tools to guide and support it. China's real GDP growth rate in the first three quarters of 2023 reached 5.2% year on year. Sectors such as solar cells, service robots and integrated circuits production increased ...
During the 1997 Asian financial crisis, the stability of the renminbi was critical to preventing risk escalation, while the 2008 global financial crisis saw China's economic stimulus package helping other economies emerge out of recession. And during the 2011 European Union debt crisis, China increas...