China’s economy is slowing sharply, oscillating the fear of global recession. The second quarter expansion of 0.4 percent is the weakest performance since the initial coronavirus outbreak in Wuhan. The world could soon be on the brink of a global recession.
What is a balance sheet recession?
Signs of global Economy looking gloomy:
Fear of China slipping into Recession:
Long-Term Impact:
Signs of Hope for China:
How will a recession in China can affect other nations and the global economy?
Impact on India:
Thus, slowing the Indian economy will have an impact on India’s consumer market and infrastructure development. Any disruption in Chinese supplies can create shortages in these industries.
Verifying, please be patient.