Roubini Global Economics (RGE) Monitor
So says the good doctor.
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2 comments:
The good doctor needs a good doctor.
There is one essential theme in this article that we deem to be true and that is all economies will suffer if the U.S. goes into a recession. If 20% of your body is aching, even though the remaining 80% is healthy and fully functioning, at the very least you still feel ill. Globalization means that a country with an economy responsible for 18-20% of this planets economic activity directly affects the economic activity throughout the planet.
Trying to place macro assumptions on any specific economy is above our capabilities. Naturally all countries will compete with each other in an effort to reduce recession impact. China is no different than anyone else and will attempt to reduce the effect of a U.S. recession in China. How they do this depends on so many factors that it is mind boggling to even think about it now.
First we have to wait and see if and how the recession hits the U.S. Then we have to wait and see where this shows up in China and how the Chinese perceive their situation. Don’t forget that the Chinese have a different culture and view things differently than Europeans and Americas sometimes in a big way.
Disclosure: This comment was written by a CrossProfit analyst and may not reflect the views of CrossProfit.com.
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