2024 Economic collapse china - China’s aggressive money-printing has helped to fuel an emerging debt crisis that could trigger a global economic slowdown. In fact, the Bank for International Settlements (BIS) says that China’s debt-to-GDP ratio has jumped from 150% in 2008 to more than 250% today. The Chinese Yuan Is Dropping Like a Rock.Web

 
Jun 13, 2022 · Yes, China’s economy has been cooling for years, plagued by systematic deficiencies like chronic overinvestment, massive debt loads, and a shrinking workforce, which has put enormous stresses on ... . Economic collapse china

China is likely headed for a full-blown financial crisis as its economy is due for wilder swings, market expert says. China's President Xi Jinping looks on during a signing meeting with Maldives ... Oct 4, 2022 · 1. Zero Covid is wreaking havoc Covid outbreaks in several cities, including manufacturing hubs like Shenzhen and Tianjin, have been hurting economic activity across industries. People are also... 18 мая 2021 г. ... Rather than rising to anything that could be conceived to be “dominance,” China could decline into substantial economic stagnation. It faces ...Aug 22, 2023 · Seven months after the end of China's COVID-19 policies, the country's economy is growing slower than expected, hitting a slump that has raised concerns over whether it is heading toward a collapse. China's economy is in danger of an "apocalyptic" collapse that would shatter global stock markets and have a disastrous impact around the world, an expert has warned.. China's economy - easily the ...WebGlobal economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast …Web18 янв. 2023 г. ... Chinese GDP grew by just 3% in 2022, official figures revealed earlier this week, its second-slowest growth rate since 1976 and well below the ...20 авг. 2023 г. ... That ratio has declined to less than one sixth in the past decade. Deepening debt. The solution for many parts of the country has been to keep ...20 авг. 2023 г. ... That ratio has declined to less than one sixth in the past decade. Deepening debt. The solution for many parts of the country has been to keep ...Even if the economic fallout remains comparatively contained, global growth is forecast to slow to 2.7% in 2023, with around one-third of the world’s economy facing a technical recession – the third-weakest growth profile in over 20 years. 18 This downturn will be led by advanced markets, with projected growth falling to 1.1% in 2023, while ...Is China heading for a total collapse: political, economic and demographic? Conventional wisdom says no way. It boasts a massive military and an iron grip on its people, and owns a whopping $870 ...China’s 6.3 percent report missed expectations by a wide margin, and analysts are now talking about how the Chinese economy is slowing fast. China’s current economic woes are not cyclical.The Great People Shortage hits China. China will lose half its population by the end of the century. The population decline is a warning for the US and Europe. China's population is shrinking ... China’s property woes pose a substantial risk to its economy, which is already under strain due to Beijing’s harsh “zero-COVID” policies and slowing global growth. By some estimates, real ...Aug 25, 2023 · Zeihan believes that China's collapse is imminent, with only 10 years remaining before potential disaster. ... While the International Monetary Fund predicts China's economy will grow 5.2% (an ... Sep 29, 2023 · For perspective, China’s economy was about 77 percent the size of America’s in March 2022. Today, it is closer to 68 percent. What began as anemic growth is becoming a full implosion. As early as 2001, an American scholar predicted that China would collapse within 10 years, by 2011. He later changed the predicted year of collapse to 2012. However, his prediction still did not ...Property development accounts for 25-30% of China's economy, according to a January report from the Peterson Institute for International Economics, a nonpartisan think tank.WebChina Economic Update - June 2022. China’s economy is projected to slow in 2022. After a strong start in early 2022, the largest COVID-19 wave in two years has disrupted China’s growth normalization. We project real GDP growth to slow sharply to 4.3 percent in 2022 – 0.8 percentage points lower than projected in the December China ...WebPerhaps the most (in)famous is Gordon Chang, who published The Coming Collapse of China in 2001. “The end of the modern Chinese state is near,” he asserted. “The People’s Republic has five ...WebFall Guy. Zongyuan Zoe Liu. In “The End of China’s Economic Miracle” (September/October 2023), Adam Posen describes China’s recent economic challenges as a case of “economic long COVID.”. Chinese President Xi Jinping’s “extreme response to the pandemic,” he posits, triggered “the general public’s immune response” and ...WebAug 15, 2023 · China's economic activity data for July, including retail sales, industrial output and investment failed to match expectations, fuelling concern over a deeper, longer-lasting slowdown in growth. 21 сент. 2022 г. ... A credit bubble of historic proportions that drove China's growth over the past decade is currently unwinding, and slowing the economy as a ...The end of China's economic miracle is going to drive down stocks on Wall Street — and drive up prices for everyone. iStock; Rebecca Zisser/Insider Linette Lopez. 2023-06-14T10:00:00Z ... Is China heading for a total collapse: political, economic and demographic? Conventional wisdom says no way. It boasts a massive military and an iron grip on its people, and owns a whopping $870 ...A study released this year by a Chinese think tank pegged the cost of raising a child to the age of 18 at 485,000 yuan, or 6.9 times average annual income, a higher proportion than in the US and ...China's producer prices fell at their fastest pace in over seven years in June, while consumer prices teetered on the edge of deflation, adding to the case for policymakers to use more stimulus to ...A gallbladder may collapse due to a condition called chronic cholecystitis, which inflames and shrinks the gallbladder, according to MedlinePlus. Gallstones are a major contributing factor to repeated acute attacks of cholecystitis.2 окт. 2023 г. ... Global Economic Crisis: China's Debt Pile Triggers Concerns for the World | Vantage with Palki Sharma The World Bank has slashed China's ...The U.S. economy grew at a 2.1% annualised rate last quarter. Central bankers have sharply raised interest rates to bring inflation back down to target levels. August trade data showed China's ...WebWhat China's economic problems mean for the world Problems faced by the world's second-largest economy include a property market crisis and slow growth. 29 Sep 2023Sep 21, 2022 · The CSIS report Credit and Credibility published October 2018 highlighted the importance of China’s rapid credit expansion in driving China’s growth over the previous decade, and the importance of Beijing’s track record of intervention in the face of financial distress in maintaining stability and avoiding crisis. Starting in late 2016 ... As of June, unemployment stood at 5.5 percent — an improvement from April and May, but close to the highest level since China started reporting the figures in 2018. For job seekers ages 16 to 24 ...Aug 24, 2023 · Having produced just a tenth as much as America in 1980, China’s economy is now about three-quarters the size. ... The collapse of the zero-covid policy undermined Mr Xi’s prestige. The attack ... The last time China’s economy saw sustained growth around that level was in 1989 and 1990, when expansion slumped to 4.2% and 3.9% respectively from the 11.3% seen in 1988, due to international ...Good evening. China today cut a key interest rate as new data confirmed the slowdown in the world’s second-biggest economy. The People’s Bank of China unexpectedly reduced the medium-term ...China's economic activity data for July, including retail sales, industrial output and investment failed to match expectations, fuelling concern over a deeper, longer-lasting slowdown in growth.If China's economy keeps stumbling, it won't just take down Beijing — the whole world will collapse with it. Chinese President Xi Jinping must strike a delicate balance between eliminating China ...WebThe Great People Shortage hits China. China will lose half its population by the end of the century. The population decline is a warning for the US and Europe. China's population is shrinking ...Sep 21, 2022 · The CSIS report Credit and Credibility published October 2018 highlighted the importance of China’s rapid credit expansion in driving China’s growth over the previous decade, and the importance of Beijing’s track record of intervention in the face of financial distress in maintaining stability and avoiding crisis. Starting in late 2016 ... China manufactures 80 percent of the world’s solar panels. Taiwan produces 92 percent of tiny advanced semiconductors. Much of the world’s trade and transactions are figured in U.S. dollars.Web16 окт. 2023 г. ... China still faces tremendous economic headwinds, some the legacy of ... collapse. The real estate giant, Evergrande, started its downfall in ...The U.S. is still the biggest economy in the world by far, with an annual GDP of $23 trillion. Second is China with $17.7 trillion, and way back in third is Japan with $4.9 trillion.China is beset by severe economic problems. Growth has stalled, youth unemployment is at a record high, the housing market is collapsing, and companies are struggling with recurring supply chain ...Having produced just a tenth as much as America in 1980, China’s economy is now about three-quarters the size. ... The collapse of the zero-covid policy undermined Mr Xi’s prestige. The attack ...BEIJING — In any other country, the sudden collapse of a corporate titan with more than $300 billion in debt would send shock waves across the economy. Headlines would blare. Banks would shudder.WebThe end of China's economic miracle is going to drive down stocks on Wall Street — and drive up prices for everyone. iStock; Rebecca Zisser/Insider Linette Lopez. 2023-06-14T10:00:00Z ...A Chinese economic crisis might even have a small positive effect on the United States, because it would reduce demand for raw materials, especially oil, and as a result possibly reduce inflation ...WebVincent Ni Enlarge this image A person sits near a construction site of residential buildings by Chinese developer Country Garden, in Beijing, Aug. 11. Country Garden is facing major financial...Oct 24, 2022 · Xi Jinping was reappointed as China's leader over the weekend. He faces a housing market crisis that could put China's overall economy at risk.For sponsor-free episodes of The Indicator from ... As the economy slowed down, they shed millions of workers - and unemployment rose rapidly, by one percentage point every year according to the National Bureau of Economic Research. State-owned ...WebChina is facing an economic crisis after a real estate boom ended with a bang last year, according to investor George Soros . The billionaire said in a speech at Stanford University’s Hoover ...China's economy is in danger of an "apocalyptic" collapse that would shatter global stock markets and have a disastrous impact around the world, an expert has warned.. China's economy - easily the ...WebUnder this extreme scenario, China’s economy could be about 9% smaller in ten years’ time than it otherwise would be. The idea that China’s productivity growth might be closer to 3% than 5% ...WebThe Dangers of China’s Decline. As China’s economic miracle fades, its leaders may become more inclined to take risks, Hal Brands writes. ... The U.S. Doesn’t Need China’s Collapse to Win.Global growth will slow from 3.4 percent in 2022 to 2.9 percent in 2023 then rebound to 3.1 percent in 2024. For advanced economies, the slowdown will be more pronounced, with a decline from 2.7 percent last year to 1.2 percent and 1.4 percent this year and next. Nine out of 10 advanced economies will likely decelerate.WebThe fate of Chinese homeowners. At the heart of China’s economic crisis is the bloated real estate sector, estimated to make up as much as 30 percent of the country’s GDP, compared to about 17 ...WebTo Cramer, these issues won’t completely bring the Chinese economy down, as he thinks the country’s leadership will eventually remedy these problems. He referenced 2015, when China’s market ...24 янв. 2023 г. ... The country's population decline in 2022 followed years of slowing birth rates. China will be replaced by India this year as the most ...China's economy is slowing down as it adapts to a punishing zero-Covid strategy and weakening global demand. Official growth figures for the July to September quarter are expected soon - if the...Good evening. China today cut a key interest rate as new data confirmed the slowdown in the world’s second-biggest economy. The People’s Bank of China unexpectedly reduced the medium-term ...Aug 22, 2023 at 9:07 AM EDT By Giulia Carbonaro US News Reporter Seven months after the end of China's COVID-19 policies, the country's economy is growing slower than …But detractors have long argued that China’s economic collapse was imminent, pointing to numerous fragilities. The country’s growth has been powered by investment in physical capital, especially real estate, that has been financed by an …Enno Hinz. 08/09/2022. Laos is facing one of its worst economic crises in decades, with the country experiencing galloping inflation and staring at a debt default. Inflation in Laos has hit a 22 ...China's economic activity data for July, including retail sales, industrial output and investment failed to match expectations, fuelling concern over a deeper, longer-lasting slowdown in growth.Reduced collaboration and increased political autocracy will continue to take a toll, China expert Yasheng Huang predicts. China’s economy is stagnating, plagued by a real-estate crisis, high unemployment, dwindling confidence among investors, and other setbacks. isn’t one of them. In writing his new book, “ The Rise and Fall of the EAST ...Sep 16, 2023 · To put China’s coming demographic collapse in perspective, compare its numbers to those of its chief self-declared rival, the United States of America. America’s population currently stands at ... China’s Economy Is Heading Toward Stagnation, Not Collapse Xi’s ideology is knocking out the twin pillars of growth. By Diana Choyleva , chief economist at Enodo Economics.If China's economy keeps stumbling, it won't just take down Beijing — the whole world will collapse with it. Chinese President Xi Jinping must strike a delicate balance between …China's economic growth is in long-term decline after hitting a peak of 14.2% in 2007, hampered by hurdles including an aging, shrinking workforce and growing curbs on Chinese access to Western ...Web12 сент. 2023 г. ... China's economy is stagnating, plagued by a real-estate crisis, high unemployment, dwindling confidence among investors, and other setbacks.First published on Tue 8 Aug 2023 11.00 EDT. China’s economy has fallen into deflation after consumer prices fell year on year last month for the first time in more than two years, official data ...Property development accounts for 25-30% of China's economy, according to a January report from the Peterson Institute for International Economics, a nonpartisan think tank.WebXi Jinping was reappointed as China's leader over the weekend. He faces a housing market crisis that could put China's overall economy at risk.For sponsor-free episodes of The Indicator from ...The economic reforms introduced by Deng Xiaoping in the late 1970s laid a strong foundation and ultimately led to China’s accession in 2001 to the World Trade Organization as a “non-market ...22 февр. 2023 г. ... China's decline will be gradual. It will remain the world's second- or third-largest economy for decades to come. But the huge gap between its ...Good evening. China today cut a key interest rate as new data confirmed the slowdown in the world’s second-biggest economy. The People’s Bank of China unexpectedly reduced the medium-term ...China’s economy boosted by stronger retail sales and industrial activity. Property sector and fixed-asset investment disappoint as data release points to mixed picture for recovery. Save ...Web3. RUSSIA AS WE KNOW IT ‘WON’T EXIST’ The next decade will see Russia “seeking to secure itself” before economic decline hits, Stratfor warn as it continues to act aggressively in the ...Perhaps the most (in)famous is Gordon Chang, who published The Coming Collapse of China in 2001. “The end of the modern Chinese state is near,” he asserted. “The People’s Republic has five ...WebUS debt default could trigger dollar’s collapse – and severely erode America’s political and economic might Published: January 30, 2023 8:13am EST • Updated: May 10, 2023 9:06am EDT ...Aug 22, 2023 · Seven months after the end of China's COVID-19 policies, the country's economy is growing slower than expected, hitting a slump that has raised concerns over whether it is heading toward a collapse. Mar 26, 2023 · China’s aggregate ratio of debt to gross domestic product was almost 300 percent (or around $52 trillion) in September 2022, compared to 257 percent for the United States. But less than 5 ... Thankfully, China’s government has now begun to loosen the purse strings. It has taken the rare step of revising its budget-deficit target from 3% of GDP to 3.8%. It has allowed provinces to ...WebEconomists and analysts have told CNN that is because China has become too indebted to pump up the economy like it did 15 years ago, during the global financial crisis. Back then, Chinese leaders ...Jan 31, 2022 · China is facing an economic crisis after a real estate boom ended with a bang last year, according to investor George Soros . The billionaire said in a speech at Stanford University’s Hoover ... Good evening. China today cut a key interest rate as new data confirmed the slowdown in the world’s second-biggest economy. The People’s Bank of China unexpectedly reduced the medium-term ...The readiness of China and India to snap up cheap Russian oil has helped, but Nechaev and other analysts say Russia’s economy has started to decline and is likely facing a prolonged period of ...Economic collapse china

China is likely headed for a full-blown financial crisis as its economy is due for wilder swings, market expert says. China's President Xi Jinping looks on during a signing meeting with Maldives ... . Economic collapse china

economic collapse china

Tingshu Wang/Reuters After three years of strict "zero-COVID" lockdowns, analysts had expected China's economy to quickly recover this year. But recent sets of …Qilai Shen for The New York Times. It’s getting harder for people like Mr. Li to rely on the Chinese government to know what’s going on in the economy. Data that it had released for years have ...BEIJING/HONG KONG, Jan 17 (Reuters) - China's population fell last year for the first time in six decades, a historic turn that is expected to mark the start of a long period of decline in its ...27 апр. 2020 г. ... A giant collapse in energy and automotive profits led the way in a bloodbath among China's industrial sectors hit by coronavirus over the ...China's weakening economy in two Indicators : Planet Money In China, data on the economy is sometimes difficult to come by. The Chinese government has …Aug 11, 2023 · A t a Politburo meeting last month, China’s leaders referred to the economic recovery this year as “torturous”. You won’t often hear such candour coming from a Chinese Communist party ... Good evening. China today cut a key interest rate as new data confirmed the slowdown in the world’s second-biggest economy. The People’s Bank of China unexpectedly reduced the medium-term ...Unemployment among Chinese youths jumped to a record 20.8 percent in May, the National Bureau of Statistics said on June 15, 2023, as the economy's post-Covid growth spurt fades. In China, data on ...China Economic Update - June 2022. China’s economy is projected to slow in 2022. After a strong start in early 2022, the largest COVID-19 wave in two years has disrupted China’s growth normalization. We project real GDP growth to slow sharply to 4.3 percent in 2022 – 0.8 percentage points lower than projected in the December China ...WebAug 18, 2023 · The deep cause of China’s economic slowdown — and the strongest reason to believe it will be lasting — is its demographic collapse. Last year, the country’s population fell for the first ... China’s economy is going through a rough patch. ... The Soviet Union’s collapse was the result of more progress being made on glasnost than perestroika, something China’s leaders learned ...A full year after the chaotic, ill-planned collapse of China’s “zero-covid” policies, evidence abounds of lingering harms done to Shangqiu’s economy, and to residents’ morale. Local ...Even if the economic fallout remains comparatively contained, global growth is forecast to slow to 2.7% in 2023, with around one-third of the world’s economy facing a technical recession – the third-weakest growth profile in over 20 years. 18 This downturn will be led by advanced markets, with projected growth falling to 1.1% in 2023, while ...The collapse in real estate — which accounts for as much as 30% of GDP ... better only than 2020 when the initial coronavirus outbreak pummeled the economy. Under Xi, China has not only become ...20 июл. 2022 г. ... But economic growth and employment have taken a hit as a result. The Chinese economy shrank by a seasonally adjusted 2.6 percent quarter-on- ...It is not surprising that China is now facing widespread financial distress, with more to come as the property sector’s woes emerge within the financial system. A credit bubble of historic proportions that …The World Economic Outlook Update July 2022: Gloomy and More Uncertain, highlights the significant consequences of the stalling of the world’s three main economic powerhouses – the United States, China and the major European economies. The world may soon be teetering on the edge of a global recession – IMF economist …WebGreater urge to roll out blanket stimulus if China slows further: Economist. Producer prices sank 5.4% in June from a year earlier and slipped 0.8% from a month ago, according to China’s ...Jun 29, 2023 · Zeihan raised eyebrows in a January interview with Joe Rogan, in which he predicted the People’s Republic would collapse in 10 years. "This is their last decade," Zeihan said of China and its economic success. Whether it’s astute analysis or souped-up hype — dire predictions can raise a pundit’s profile and a podcaster’s ratings ... Capital investment, long a mainstay of China’s economy, has also continued to lag. Fixed investment in new facilities and equipment grew only 3.2 percent this August over August a year ago ...WebMar 26, 2023 · China’s aggregate ratio of debt to gross domestic product was almost 300 percent (or around $52 trillion) in September 2022, compared to 257 percent for the United States. But less than 5 ... China’s property market accounts for an estimated 30% of its economy. However, that relentless expansion can no longer be taken for granted, as Friday’s weak GDP numbers showed.China has found a way to get results — generating sustained growth over a long period, improving the living standards of its people, avoiding a financial crisis, and pulling its economy through ...WebSep 12, 2023 · Reduced collaboration and increased political autocracy will continue to take a toll, China expert Yasheng Huang predicts. China’s economy is stagnating, plagued by a real-estate crisis, high unemployment, dwindling confidence among investors, and other setbacks. isn’t one of them. In writing his new book, “ The Rise and Fall of the EAST ... 22 февр. 2023 г. ... China's decline will be gradual. It will remain the world's second- or third-largest economy for decades to come. But the huge gap between its ...... China's Economic Collapse Just Got Worse ... China Is END! China Economy Collapse Just Got Worse | China Economy Crisis. 747 views · 1 month ago ...more ...Oct 24, 2022 · Xi Jinping was reappointed as China's leader over the weekend. He faces a housing market crisis that could put China's overall economy at risk.For sponsor-free episodes of The Indicator from ... As western countries stand on the edge of a potentially ruinous recession in the coming year, China is also facing a slump thanks to “total collapse” of confidence among ordinary people in the ...Nov 17, 2023 · According to Beijing’s National Bureau of Statistics, the Purchasing Managers Index for manufacturing activity fell to a level of 49.5 last month, down from 50.2 in September and well below the ... HONG KONG, Nov 30 (Reuters) - China Evergrande Group (3333.HK), the world's most indebted property developer, is seeking to avert a potentially imminent …Capital investment, long a mainstay of China’s economy, has also continued to lag. Fixed investment in new facilities and equipment grew only 3.2 percent this August over August a year ago ...WebUS News Reporter. After decades of incredible growth, China was widely considered poised to overtake the U.S. as the biggest economy in the world, with its GDP surpassing that of America in the ...Aug 11, 2023 · A t a Politburo meeting last month, China’s leaders referred to the economic recovery this year as “torturous”. You won’t often hear such candour coming from a Chinese Communist party ... 20 янв. 2023 г. ... Prices will go up, the stock market will decline, and people will go broke. China will recover gradually but won't be able to dominate the world ...Clearly, China’s living standards have already suffered, given that one-quarter of its economy and more than 70 percent of household wealth is tied up in real estate that has dropped in value.May 31, 2022 · Nonetheless, hoping for an economic collapse in China would be very unwise. First, recessions hurt a lot of average people. Although the Chinese Communist Party is becoming increasingly ... China has been trimming interest rates recently – in contrast to other major economies – as it tries to stem the economic effects of its zero-COVID policy and address a growing property crisis ...China’s Economy Is Heading Toward Stagnation, Not Collapse Xi’s ideology is knocking out the twin pillars of growth. By Diana Choyleva , chief economist at Enodo Economics.BEIJING/HONG KONG, Jan 17 (Reuters) - China's population fell last year for the first time in six decades, a historic turn that is expected to mark the start of a long period of decline in its ...Many analysts pre- sume that China's rapid economic growth of the last 15 years will sharply ease political pressures. Yet the example of Iran under the Shah ...Jun 29, 2023 · Zeihan raised eyebrows in a January interview with Joe Rogan, in which he predicted the People’s Republic would collapse in 10 years. "This is their last decade," Zeihan said of China and its economic success. Whether it’s astute analysis or souped-up hype — dire predictions can raise a pundit’s profile and a podcaster’s ratings ... But China's economy has been slowing - in the last quarter it grew by just 0.4% compared to the previous year. Some economists don't expect any growth this year.The decline in payments to suppliers is already noticeable. Between 2021 and 2022, Country Garden’s transfers to such firms fell from 285bn yuan ($44bn) to 192bn yuan, according to s & p Global ...Jan 24, 2023 · China is reopening after its long experiment with Zero COVID. But the pandemic exacerbated deep-seated imbalances in the nation’s economy. Xi Jinping knows that China’s growth model must be ... China’s economy boosted by stronger retail sales and industrial activity. Property sector and fixed-asset investment disappoint as data release points to mixed picture for recovery. Save ...WebOct 16, 2023 · The companies have a combined $500 billion in debt and face critical hurdles in the coming weeks. Beijing’s ability to slow the collapse is now in doubt as consumers continue to show a lack of ... The metric expanded 5.2% through the first 11 months of the year, compared with 6.1% in the first 10 months. The slump was mainly attributed to slower spending in real estate and infrastructure ...From climate change to women’s rights, what effect will the demographic time bomb at the heart of China’s economy have? Mon 23 Jan 2023 20.43 EST Last modified on Mon 23 Jan 2023 20.44 EST.Why It Seems Everything We Knew About the Global Economy Is No Longer True. While the world’s eyes were on the pandemic, China and the war in Ukraine, the paths to prosperity and shared ...China has entered a period of “negative population growth”, an important moment in the history of the country. As recently as 2019, the UN projected the population would peak in 2031-32, but ...WebAug 11, 2023 · A t a Politburo meeting last month, China’s leaders referred to the economic recovery this year as “torturous”. You won’t often hear such candour coming from a Chinese Communist party ... What China's economic problems mean for the world Problems faced by the world's second-largest economy include a property market crisis and slow growth. 29 Sep 2023But the size of China’s economy, which accounts for almost one-fifth of global GDP, means a major slowdown could still have a serious effect on global growth. “The global impact is mostly due .... Qlyd