China’s slowdown may have a silver lining for the rest of the world: weaker inflation.
Growth in the world’s second-largest economy has tumbled this year as Covid-19 outbreaks triggered mass lockdowns and business closures. The government has announced a range of stimulus policies, but many economists say Beijing’s 2022 growth target of around 5.5% is unlikely to be achieved as long as the threat of new lockdowns hangs over the economy.
Source: https://www.wsj.com/articles/chinas-slowdown-could-tamp-down-global-inflation-11656853200?siteid=yhoof2&yptr=yahoo
China’s Slowdown Could Tamp Down Global Inflation
China’s slowdown may have a silver lining for the rest of the world: weaker inflation.
Growth in the world’s second-largest economy has tumbled this year as Covid-19 outbreaks triggered mass lockdowns and business closures. The government has announced a range of stimulus policies, but many economists say Beijing’s 2022 growth target of around 5.5% is unlikely to be achieved as long as the threat of new lockdowns hangs over the economy.
Source: https://www.wsj.com/articles/chinas-slowdown-could-tamp-down-global-inflation-11656853200?siteid=yhoof2&yptr=yahoo