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#IMF cuts global growth outlook amid US, #China slowdowns

//Surging inflation and severe slowdowns in the United States and China prompted the IMF Tuesday [July 26, 2022] to downgrade its outlook for the global economy this year and next, while warning that the situation could get much worse...

"The outlook has darkened significantly since April," said IMF chief economist Pierre-Olivier Gourinchas. "The world may soon be teetering on the edge of a global recession, only two years after the last one."

"The world's three largest economies, the United States, China and the euro area are stalling with important consequences for the global outlook," he said at a briefing.

...China's economy is expected to slow dramatically in 2022, expanding just 3.3 percent -- the lowest in more than four decades other than the 2020 pandemic crisis -- due to Covid concerns and the "worsening crisis" in the property sector, the report said.

"The slowdown in China has global consequences: lockdowns added to global supply chain disruptions and the decline in domestic spending are reducing demand for goods and services from China's trade partners," the report said.//

Read more:
https://www.france24.com/en/live-news/20220726-imf-cuts-global-growth-outlook-amid-us-china-slowdowns

Source: France 24 #Jul26

#Economy #Pandemic #Covid19

China is fearing for its #Economy. But there’s still no end in sight for the country’s “zero-COVID-19” policy. Because of the strategy, 65 million are under full or semi-#Lockdown.

An Air Force general is warning the United States would make a #ChineseInvasion of Taiwan Beijing’s most difficult battle.

⭕️ Watch the full episode 👉https://ept.ms/65MillionLockdown
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#GlobalDemand is dropping, and #China is worrying about its export businesses. The shift puts Chinese policymakers under mounting pressure to boost the #Economy.

⭕️ Watch the full episode 👉https://ept.ms/65MillionLockdown

⭕️Save up to 50% 👉https://ept.ms/3bFhoZB

#China's #Economy rebounded in the third quarter. But the revival will face challenges long term with persistent #COVID19 curbs, a prolonged property slump, and global recession risks.

⭕️ Watch the full episode 👉https://ept.ms/ADictatorForLife

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#GDP (PPP) Per Capita between the Republic of China (#Taiwan) and the People's Republic of China (#China) since 1960 [OC] #economy

In this special episode, we sat down with former congressman and dean of Liberty University's business school #DaveBrat. He sheds light on what the #USMidterms mean in terms of #China and the #Economy going forward.

⭕️ Watch the full episode 👉https://ept.ms/LeadershipRequired

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Nearly 50 more #ChinesePoliceOutposts around the globe have been exposed by a new report.

The most sweeping changes since the #pandemic began have been made to China’s COVID-19 policy. Will the loosened rules spell good news for the #economy?

⭕️ Watch the full episode 👉https://ept.ms/ChinesePoliceOutpost

🔥 BEST OFFER EVER 👉 https://ept.ms/3OUPok3

An entrepreneur is giving an inside look into #China’s #Economy amid the #Pandemic. The business he started did well, but all fell when the pandemic hit. He had to lay off workers and cut costs on products, but no one was buying.

https://ept.ms/ChinaSpyArrested_CIF

MONDAY FROM 8PM 🕗(🇺🇸pst12pm/est3pm)

Kenneth Rapoza
How Free Trade and Soft Power are making China the #1 World Power

Streaming Everywhere on Video & Podcast heartsofoak.org/connect

@BRICbreaker #KennethRapoza #Interview #China #WTO #FreeTrade #Economy #Globalisation #SocialControl #Democracy