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is that nominal GDP or real GDP? If nominal, should we also expect massively less real GDP? I should read it, but he used too many ","s .. hurts my brain.
by blazespin 11y ago
is that nominal GDP or real GDP? If nominal, should we also expect massively less real GDP? I should read it, but he used too many ","s .. hurts my brain.
- ryandamm 11y agoReal. The isn't a statement about exchange rates or currency, it's a statement about the real state of the Chinese economy (even though parent post is definitely about monetary issues). We should expect Chinese growth to average 3% or less in real terms for the next ~decade if Pettis is correct. How's that for a bold economic prediction?