https://www.imf.org/en/Publications/WEO/Issues/2020/06/24/WEOUpdateJune2020
Capitalism BTFO
Not even so-called “emerging economies” like India, Brazil, Turkey etc are expected to grow
1 headline that says “The Chinese economy could be 12% smaller than what the official data says” from the financial times. Even if this is accurate how would it disprove that the Chinese economy was growing?
Paywall so I found a similar article https://www.zerohedge.com/news/2019-03-07/brookings-says-chinas-economy-12-smaller-official-data-show
From the paper that the article cites:
our best estimate is that the true growth rate of GDP is probably overstated by almost 2 percentage points from 2010 to 2016
I mean, probably overstating GDP growth by average of 2 percent doesn’t seem like compelling evidence for completely disregarding China’s GDP numbers.
Link to paper: https://www.brookings.edu/wp-content/uploads/2019/03/ChenEtAl_web.pdf
