The Good and Bad News of China’s Slowdown and Yellen's 'Magic Mushrooms'
Leaders with Francine Lacqua
Bloomberg
4.6 • 64 Ratings
🗓️ 14 September 2023
⏱️ 24 minutes
🧾️ Download transcript
Summary
A decline in growth in China may take some heat out of the global economy, helping bring down inflation. But a full stop would trigger deep recessions. Bloomberg Economics Chief Economist Tom Orlik joins this week for a conversation on what China's slowdown means for the rest of the world, and in particular the UK.
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| 0:54.9 | now on Apple, Spotify, or anywhere you listen. Dave, so Bloomberg Economics made quite a lot of |
| 1:01.2 | waves this week. Did you read what they read on China? I read it, Francie, and not only did I read |
| 1:06.4 | it, but a lot of other people read it. I think it was one of our most read stories of the past week. |
| 1:11.1 | This big report at the eye-catching headline was that according to our economists, China is |
| 1:16.4 | actually never going to overtake the United States as the world's biggest economy. |
| 1:20.8 | Yeah, and this is on the back of Ben News that we've had over the last couple of weeks, |
| 1:23.7 | that property slump battered confidence, of course, proving hard to fix. And I think |
| 1:27.5 | with the projections mean that growth could slow to near 1% by 2050. Yeah, and it's such an |
| 1:34.0 | inversion of the narrative we've all got used to actually for decades now that kind of China has |
| 1:37.9 | this inextrable rise to be the world's dominant economic superpower. And we also want to explore |
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