HomeWorldEconomyThe biggest story in the world right now is China. Everything else is secondary. The last time China was deflating this hard, it was 3% of global GDP. Now it is 20% of global GDP. Undeniably having effects worldwide and cannot be ignored or discounted.
The biggest story in the world right now is China. Everything else is secondary. The last time China was deflating this hard, it was 3% of global GDP. Now it is 20% of global GDP. Undeniably having effects worldwide and cannot be ignored or discounted.
September 9, 2024
The biggest story in the world right now is China. Everything else is secondary. The last time China was deflating this hard, it was 3% of global GDP. Now it is 20% of global GDP. Undeniably having effects worldwide and cannot be ignored or discounted.
https://i.redd.it/9i0qape2ppnd1.png
by sylsau
2 comments
with how intertwined the US is on china for supply and labor….id be SHOCKED if this didnt hit us…..
There is a story out today, there is still inflation in China. https://www.cnbc.com/2024/09/09/asia-stock-markets-japan-q2-gdp-china-cpi.html >China’s inflation rate grew 0.6% year-on-year, lower than the 0.7% expected from economists polled by Reuters. On a month-on-month basis, the CPI rose 0.4%, lower than the 0.5% expected.
2 comments
with how intertwined the US is on china for supply and labor….id be SHOCKED if this didnt hit us…..
There is a story out today, there is still inflation in China.
https://www.cnbc.com/2024/09/09/asia-stock-markets-japan-q2-gdp-china-cpi.html
>China’s inflation rate grew 0.6% year-on-year, lower than the 0.7% expected from economists polled by Reuters. On a month-on-month basis, the CPI rose 0.4%, lower than the 0.5% expected.