Archive | October, 2016

Who is Driving Global Growth?


China’s role in keeping the global economy from falling into a more severe recession, or even a depression, during the financial crisis is probably greatly underappreciated. As US nominal GDP went from contributing $435 billion to global economic out put in the 1Q08 to subtracting $472 billion in 2Q09, China’s nominal GDP kept overall global economic output afloat. […]