Beet
Atlas Star
Posts: 28,914
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« on: May 11, 2015, 04:00:20 PM » |
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You're talking about a very small sample size.
If global growth does slow down, the most likely culprit would be China, which is most overdue for a downturn, having 35 years of growth rates averaging nearly 10% annually. The CPC's policy of trying to keep the renminbi competitive with the dollar will also have a deflationary, and negative impact on China's economy. However, the closest analogy would be to 1998, which hardly effected the U.S.
In fact, a recession in China would be a good thing if it resulted in a defusing of the rising tensions with the U.S., or undermined the credibility and support of the CPC, since its only claim to legitimacy since 1989 has been its ability to deliver economic growth.
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