Economic Tidbits

Hmmm…

“. . . China’s GDP, converted into dollars, could fall further behind its rival’s in 2023, for the second year in a row. The country’s economy will be 67% the size of America’s in 2023, according to Goldman Sachs, compared with 76% in 2021. Thus the world’s second-biggest economy will be a more distant second.” Free exchange: Will China always be cheap? The Economist, July 29th, 2023.

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