Slowing Chinese Economy Likely to Pinch US, Too – ABC News
Boston Globe |
Slowing Chinese Economy Likely to Pinch US, Too
ABC News Zandi estimates that each 1 percentage point drop in China's economic growth causes as much damage to the U.S. economy as a -a-barrel increase in oil prices: It shaves 0.2 percentage point off annual U.S. growth. That isn't catastrophic. But to … Don't gloat, America: A slowdown in China's high-octane economy will hurt US, too |
