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According to the World Bank , China's GDP growth rate for 2023...

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15/01/24

14:52

Post #: 71885340
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Originally posted by moorookamick: ↑

For a start, the economic term is deflation (opposite to inflation)

China went through a severe 2 years of Covid lockdowns which
has severely impacted its economy unlike the very limited lockdowns
in the West .

While the west is struggling with unaffordable high interest rates
which are curling the credit-extended working class, China has no such
problems with a low inflation of 0.2%(expected to rise to 1.7% in 2024 (IMF)
and an enviable interest rates of 2.65% !

According to the World Bank , China's GDP growth rate for 2023 is 5.2%

Wouldn't we love to have those figures...eh?

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According to the World Bank , China's GDP growth rate for 2023 is 5.2%

Its why Chhina wil catch up to the US by 2030 or 2035 !

I think Aus will grow in the 2-3% range because we have 4% inflation and 0.5% growth !
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