Interesting, but it seems its caused mostly by China lock downs US Growth Seen Outpacing China’s for First Time Since 1976 https://www.msn.com/en-us/money/mar...r-first-time-since-1976/ar-AAXv5OG?li=BBnb7Kz (Bloomberg) -- 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. While Beijing is applying fiscal, monetary and regulatory stimulus measures, the impact is being blunted by President Xi Jinping’s Covid Zero policy, which requires strict curbs on activity when virus outbreaks occur. The US, while struggling to cope with high inflation, is still being propelled by strong hiring and consumer spending.
