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Newest financial knowledge from China paints a gloomier image than analysts had forecast.
The saying was once: When the US sneezes, the world catches a chilly.
Now, the worldwide focus is simply as a lot on China. COVID-19 has had an affect on the monetary well being of the world’s second-largest financial system – and it’s contagious.
So when the newest financial knowledge from Beijing confirmed weaker-than-expected outcomes, concern unfold worldwide.
The World Financial institution has warned of a attainable world recession subsequent 12 months, so how does slower financial progress in China have an effect on the remainder of the world?
Presenter: Mohommad Jamjoom
Friends:
Andy Mok – Senior analysis fellow on the Heart for China and Globalization
Shirley Ze Yu – Fellow on the Ash Heart of Harvard Kennedy College
Guido Cozzi – Professor of macroeconomics on the College of Saint Gallen
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