The Hill (April 22)
“Anyone doubting that China is well on its way to a Japanese-style lost economic decade has apparently missed the bursting of its massive housing and credit market bubble and the souring of U.S. and European trade relations with that country.” Make no mistake, China’s fall “would constitute a major headwind for world economic recovery.”
Tags: Bubble, Bursting, China, Credit market, Europe, Fall, Headwind, Housing, Japan, Lost decade, Trade relations, U.S., World
Washington Post (April 1)
“Earth has a long-running fever that shows little signs of easing. The planet has set high temperature records in each of the last nine months, and March is poised to become the 10th. Multiple locations around the world observed unprecedented heat on the month’s final weekend, as if to put an exclamation mark on this exceptional run of warmth.”
Tags: Earth, Exceptional, Fever, Heat, High, March, Planet, Records, Temperature, Unprecedented, Weekend, World
Bloomberg (January 26)
In the “race for world’s biggest economy,” the U.S. has extended its “lead over china.” U.S. GDP “rose 6.3% in nominal terms…last year, outpacing China’s 4.6% gain.” Some of that is due to inflation, but the result “underscores a broader point: The US economy is emerging from the pandemic period in a better place than China’s.”
Tags: Better, China, Economy, Emerging, GDP, Inflation, Lead, Outpacing, Pandemic, Race, U.S., World
Reuters (January 8)
“The world is full of danger. The planet starts 2024 with war in Gaza and Ukraine, superpower rivalry, climate change and slow growth. The possible return of Donald Trump as U.S. president is another risk…. It’s easy to see how the world’s multiple overlapping crises – what some observers have labelled the ‘polycrisis’—could feed on one another, creating a doom loop.” But none of this is inevitable. “There are more optimistic scenarios, and some silver linings in the pessimistic ones.”
Tags: 2024, Climate change, Danger, Doom loop, Gaza, Growth, Optimistic scenarios, Polycrisis, Risk, Rivalry, Superpower, Trump, U.S., Ukraine, War, World
New York Times (October 20)
“One of the most important interest rates in the world this week flirted with a level it hadn’t reached in more than 16 years, putting pressure on the economy and the stock market.” Yields on 10-year Treasuries “brushed against 5 percent for the first time since mid-2007 before ending the week around 4.9 percent.”
Tags: 10-year Treasuries, 16 years, 2007, 5%, Economy, https://www.nytimes.com/2023/10/20/business/treasury-bond-yield-5-percent.html Interest rates, Pressure, Stock market, World, Yields
Wall Street Journal (July 15)
“China became the largest auto exporter in the world in the first quarter, yet the economy is ailing by many measures.” Its “economy might look good on paper, but it feels like a recession” and “many say conditions in world’s No. 2 economy are grim.”
Tags: Ailing, Auto exporter, China, Conditions, Economy, Grim, Q1, Recession, World
Marketwatch (September 20)
“The number of millionaires in the world is set to nearly double by 2026, despite rising interest rates, looming recession fears and a recent plunge in net worth for some of the world’s wealthiest people.” All told, the number of millionaires “is expected to jump 40% and reach 87.5 million over the next five years.”
Tags: 2026, 87.5 million, Double, Fears, Interest rates, Millionaires, Net worth, Plunge, Recession, Wealthiest, World
The Guardian (August 29)
“China has reached a point of no return in its battle to contain what could be the biggest property crash the world has ever seen, experts believe, creating a perilous moment for the country’s Communist leadership and the global economy.”
Tags: Battle, Biggest, China, Communist, Experts, Global economy, Leadership, No return, Perilous, Property crash, World
Washington Post (April 15)
“The world has been understandably transfixed by Russian President Vladimir Putin’s horrific invasion of Ukraine,” but we must still stay alert to threats elsewhere. “President Xi Jinping has been quietly taking advantage of the West’s distraction by expanding China’s sphere of influence in the South Pacific. If Washington doesn’t wake up to this threat, China’s efforts to dominate the region will gain dangerous and perhaps irreversible momentum.”
Tags: China, Dangerous, Distraction, Dominate, Horrific, Influence, Invasion, Irreversible, Putin, Russia, South Pacific, Threats, Transfixed, U.S., Ukraine, World, Xi
BBC (April 4)
“Even if all the policies to cut carbon that governments had put in place by the end of 2020 were fully implemented, the world will still warm by 3.2C this century…. The good news is that this latest IPCC summary shows that it can be done…. But keeping temperatures down will require massive changes to energy production, industry, transport, our consumption patterns and the way we treat nature.”
Tags: 2020, Carbon, Consumption, Energy production, Governments, Implemented, Industry, IPCC, Nature, Policies, Temperatures, Transport, Warm, World
