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?
No I’m saying that Chinese economic data is not reliable. Not that any other countries data is reliable either.
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
