There Is A Good Chance That China Will Drag the World Into a Recession, Says Economist

In an analysis published this week, the New York-based bank’s chief economist, Willem Buiter, said there is a 55 per cent chance of some form of global recession in the next couple of years, most likely one of moderate depth and length.

Unlike the U.S.-driven international slumps of the past two decades, this one will be generated by sliding demand from emerging markets, especially China, which has surged in size to become the world’s No. 2 economy.

“The world appears to be at material and rising risk of entering a recession, led by EMs and in particular by China,” wrote Buiter, a former U.K. policy maker.

Among reasons for worry is his view that in reality China is already growing closer to 4 per cent than the government’s goal of about 7 per cent targeted for this year. A shallow recession would likely occur if expansion slowed to 2.5 per cent in the middle of next year and stayed there, he said.

  • Hktony

    China is not the problem blazing cat ! American and european elite are the problem. They caused the financial shit as did the invasion of africa and middle east. Do you honestly thing chinese companies want to make less money??
    Oblablah and merkel are sinking the world with muzzies stop the crap against china! China is not perfect but this site arose because if the liberals creating a muzzie problem but you keep pushing the evil Chinese issue which has nothing to so with muzzies. When muzzies take over the west, i hope not, only China and esstern europe will be free of these muzzies. You may want to go there for your families sake!
    Here in hk the muzzie numbers are on the increase. It is horrible to watch but here also we have these ngos and liberals in govt talking equality and all the shit that is taking down europe. I could be wrong

    • Minicapt

      China would pushing everyone else out of the way to get to the head of the surrender line. Their current claims of a Mohammedan problem are based on Chinese ‘incentives’ initiated in the 1970s. They transformed an ethnic conflict into a religious one of their own accord.
      … Confucius weeps …

      Cheers

      • Hktony

        China is comminust and it does things in china to benefit its han people. Europe is a run by westerners who do all they can to destroy their own people. Who is worse?

        • Minicapt

          China. There’s nothing there but reruns.

          Cheers

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