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A 7% drop in GDP in China would be a disaster - rememberer than in our “Great Recession” that the gdp only dropped -2.8%
by outside1234 8y ago
A 7% drop in GDP in China would be a disaster - rememberer than in our “Great Recession” that the gdp only dropped -2.8%
- rgbrenner 8y agoThat's just China -> US exports. It doesn't account for imports for export, and Chinese imports from the US. They would still be growing if all trade with the US was stopped, after subtracting these. Net trade globally, they're running an imbalance of 1.5-2% GDP. They're growing at almost 7%/year. So there's quite a ways to go to get to -2.8.