The cover story of The Economist magazine this past week has been largely based on our long-held view that China’s economic growth would slow to just 2% by the end of this decade, and wouldn’t surpass the US as the world’s biggest economy.
The Capital Economics report outlining this view was first published five years ago this month, and Mark Williams, one of its co-authors, tells David Wilder why the drags on Chinese growth that were highlighted by the China team back in 2018 have only become more pronounced in the intervening years.
Plus, Group Chief Economist Neil Shearing discusses what’s happening in advanced economy housing markets, and why the inflationary surge has helped push through their adjustment from positions of extreme overvaluation.
Finally, Liam Peach from our Emerging Markets explains why the result of first-round voting in Turkey’s presidential election is such a negative for the country’s economic outlook.
Click here to read the analysis referenced in this episode.
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Capital Economics, a world leading provider of macroeconomic insight, presents The Weekly Briefing – the show with all you need to know about what's happening in the global economy and markets. From the Fed's next decision to China's slowdown to moves in equities, bonds and FX, each week, our team of economists take apart the big economic and market stories and highlight the issues that investors should be paying more attention to.