Residents walk through a reopened shopping mall in Beijing on May 29, as restrictions imposed following a Covid-19 outbreak in late April are gradually lifted. Photo: AP
Residents walk through a reopened shopping mall in Beijing on May 29, as restrictions imposed following a Covid-19 outbreak in late April are gradually lifted. Photo: AP
David Brown
Opinion

Opinion

Macroscope by David Brown

Recession fears are growing, but the global growth outlook isn’t all bad

  • Pessimism over GDP growth has not given way to hysteria yet, with PMI surveys showing that business activity remains healthy
  • As long as policymakers don’t go overboard with tightening, conditions suggest a soft landing is likely

Residents walk through a reopened shopping mall in Beijing on May 29, as restrictions imposed following a Covid-19 outbreak in late April are gradually lifted. Photo: AP
Residents walk through a reopened shopping mall in Beijing on May 29, as restrictions imposed following a Covid-19 outbreak in late April are gradually lifted. Photo: AP
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