Chinese economic slowdown is a result of debt supercycle | Kenneth Rogoff
Some blame falling global demand, but borrowing by government and property sector has held back growth
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Some blame falling global demand, but borrowing by government and property sector has held back growth
While some economists may argue that secular stagnation is to blame for China’s economic slowdown, concerns about sustained slower growth are overblown. If the country falls into a recession, it would constitute the next turn of the debt supercycle that began in the US in 2008 and moved to Europe in 2010
Kenneth Rogoff argues that the debt supercycle theory seems to offer the best explanation for the Chinese economy's current slowdown
The latest news on the economy, jobs market, U.S. trade and housing, including the latest news and analysis on the Federal Reserve and Central Banking.
The latest news on the economy, jobs market, U.S. trade and housing, including the latest news and analysis on the Federal Reserve and Central Banking.