The Global Economy’s Chinese Headwinds
Last year, the global economy was supposed to start returning to normal, with interest rates rising in the US and the UK, inflation emerging in Japan, and a private credit-led recovery beginning in the eurozone. Twelve months later, normality seems as distant as ever – and economic headwinds from China are a major cause.
https://prosyn.org/aImHoyM
BEIJING – Last year, the global economy was supposed to start returning to normal. Interest rates would begin rising in the United States and the United Kingdom; quantitative easing would deliver increased inflation in Japan; and restored confidence in banks would enable a credit-led recovery in the eurozone. Twelve months later, normality seems as distant as ever – and economic headwinds from China are a major cause.