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International Trade & Balance of Payments

Chinese Unrest Over Lockdown Upends Global Economic Outlook

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Submitted by d.wilder@capit… on Tue, 29/11/2022 - 08:22

As for supply chain disruptions, Neil Shearing, chief economist at Capital Economics, a research firm, said he thought excessive blame had been heaped on China. “Everything has been framed around supply shortages,” he said, but in China, industrial production increased during the pandemic. The problem was that global demand surged more.

View article New York Times
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