Debt stimulus has continued at a relentless pace in China. This is likely to give a boost to the world economy going into the summer. However, credit crunch is on its way in the U.S., while its magnitude is still unclear, and the likely further waves of the ongoing banking crisis, on which the third one has probably just begun, darken the outlook.
GDP Forecasts
Keep reading with a 7-day free trial
Subscribe to GnS Economics Newsletter to keep reading this post and get 7 days of free access to the full post archives.