- Worsening consumer and business sentiment, increased inflation, and central banks moving to tighten monetary policy, with the US Federal Reserve being the most aggressive, have increased the risk of a global recession.
- When China imposed widespread lockdowns in April in pursuit of its zero-Covid policy, its economy was dealt a major blow.
- Stronger growth in China and fewer restrictions on activity should have a healthy effect on the Chinese demand for the exports of other Asia-Pacific economies.
For further details see:
Global Soft Landing Depends Heavily On China