October 22, 2008
China Coupling
The flurry of headlines and news reports in major world press highlighting the slowdown of China's economy to "only" 9% refutes the "de-coupling" nonsense about the global economy. We are all linked, China to Europe, Japan, the USA, South America, Australia, Brazil, Chile, ETC., and all concerned experienced a surprisingly sharp fall at the end of the third quarter.
What next? Morgan Stanley says we are in for a "wok" shaped recesssion and to expect only gradual improvement in the forseeable future.
Labels: economic impact, global economy, globalization
# posted by Sinomania! : 10/22/2008 10:08:00 AM
Subscribe to Posts [Atom]
