Question
Article on IMF's forecast for the world economy - https://www.theguardian.com/business/2022/jul/26/imf-slashes-global-growth-forecast-as-top-three-economies-stall Choose one of the three economies the IMF refers to - China ,- and discuss
Article on IMF's forecast for the world economy- https://www.theguardian.com/business/2022/jul/26/imf-slashes-global-growth-forecast-as-top-three-economies-stall
Choose one of the three economies the IMF refers to - China,- and discuss in detail the trend of GDP figures, inflation rates, unemployment, and changes in cost-of-living/living standards to form an argument for whether the economy you've selected is in recession/moving in that direction and if so, what is the nature of this recession (persistent or transitory). If you believe your chosen economy is in trouble, please discuss the causes for it, if trade plays a role and some possible remedies/countermeasures that the central bank and/or government have/can come up with (if any; you can also make an argument for government or central bank intervention that made things worse).
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