erek
[H]F Junkie
- Joined
- Dec 19, 2005
- Messages
- 10,894
Big implications for the economy from this!
"A much larger problem in China is the shutdown of major parts of its economy, and those impacts will soon be felt globally. China is the growth engine for many economies of the world -- this is a shock that could tilt the world into a prolonged slowdown.
We noted last week that the World Economic Forum (WEF) President Borge Brende warned that the world is "faced with a synchronized slowdown in the global economy. And we're also faced with a situation where the ammunition that we have to fight a potential global recession is more limited."
Brende suggested the global economy could be entering a period of vulnerability where external shocks could trigger a global recession. The shutdown of major industrial hubs in China and collapsing consumption by Chinese consumers could certainly be a shock that will shortly impact the global economy. "
https://www.zerohedge.com/markets/c...son-and-samsung-factories-amid-virus-outbreak
"A much larger problem in China is the shutdown of major parts of its economy, and those impacts will soon be felt globally. China is the growth engine for many economies of the world -- this is a shock that could tilt the world into a prolonged slowdown.
We noted last week that the World Economic Forum (WEF) President Borge Brende warned that the world is "faced with a synchronized slowdown in the global economy. And we're also faced with a situation where the ammunition that we have to fight a potential global recession is more limited."
Brende suggested the global economy could be entering a period of vulnerability where external shocks could trigger a global recession. The shutdown of major industrial hubs in China and collapsing consumption by Chinese consumers could certainly be a shock that will shortly impact the global economy. "
https://www.zerohedge.com/markets/c...son-and-samsung-factories-amid-virus-outbreak