Archive | October, 2016

Who is Driving Global Growth?

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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. […]