US Growth Seen Outpacing China’s for First Time Since 1976

[F-22Raptor]

China’s coronavirus lockdowns mean its economic growth may undershoot the US for the first time since 1976, in a role reversal with potential political reverberations in both Beijing and Washington.

The world’s second-largest economy will grow just 2% this year, Bloomberg Economics wrote in a report Thursday. By comparison, US gross domestic product will increase 2.8% this year, Bloomberg Economics predicts.

US Growth Seen Outpacing China’s for First Time Since 1976

China’s coronavirus lockdowns mean its economic growth may undershoot the US for the first time since 1976, in a role reversal with potential political reverberations in both Beijing and Washington.

www.bloomberg.com

 

[etylo]

2% this year for China, that's what you Yankees dream and wish for. Like your economy grew at negative rate in the first quarter and you think your economy can outpace China's, joke !

 

[RescueRanger]

2% vs 2.8% despite the stringent COVID lockdowns - Trade war from the US and her friends in Asia - 2% is still decent especially considering leading economies like the UK are actually contracting.

 

[hualushui]

 

[StraightEdge]

Good news for America.

Most CEOs are bracing for a recession - CNN
US Economy Start to Show Signs of Strain as Recession Warnings Mount - Bloomberg
U.S. economy could be heading to recession in next year, banks and economists say - The Washington Post

 

[Leishangthem]

t

Good news for America.

Most CEOs are bracing for a recession - CNN
US Economy Start to Show Signs of Strain as Recession Warnings Mount - Bloomberg
U.S. economy could be heading to recession in next year, banks and economists say - The Washington Post

that's why they exacerbated the fake news.

 

[beijingwalker]

If China opens up like US, the growth rate could be 8.2% due to the prolonged pent up demand, China should really give it a thought.

 

[StraightEdge]

t

that's why they exacerbated the fake news.

When you have an inflation of 8.4%, it's not real growth.

 

[Splurgenxs]

China is cooling off ,
let not forget the inflation off stetted growth metrics. China will still be ahead.

If China opens up like US, the growth rate could be 8.2% due to the prolonged pent up demand, China should really give it a thought.

That makes no sense , if china opened up/free floated , the RMB will appreciate to eradicate any competitiveness in the pricing.
For a long time Real estate(with no organically induces demand) was a backbone of Chinese investment/growth strategy , that sector needs to deflate first.

 

[kankan326]

Yuan depreciated 5.3% to dollar in a month. Probably that's the reason.

 

[beijingwalker]

That makes no sense , if china opened up/free floated , the RMB will appreciate to eradicate any competitiveness in the pricing.
For a long time Real estate(with no organically induces demand) was a backbone of Chinese investment/growth strategy , that sector needs to deflate first.

I mean lifting the covid lockdowns, I want to go back to work.

 

[Han-Tang]

nobody knows
fake news
better than
me

 

[Raja420]

God Bless the USA. It's a great country and I hope it continues to reach new heights.

 

[Beast]

Another delusion report that makes US happy only. Like mariupol falls but western media will still claim Ukraine on way to victory. Lol

 

[mili]

https://twitter.com/x/status/1527879634070560768

Add to that an official inflation of 8%, double digit in reality, to get an estimated 2.8% growth.
If that's the price usa is willing to pay for 'beating' China growth, that's ok.