To many pessimists, China is in an even worse plight than the US, with total debt now in excess of 250 per cent of GDP. Photo: AP
To many pessimists, China is in an even worse plight than the US, with total debt now in excess of 250 per cent of GDP. Photo: AP
Tom Holland
Opinion

Opinion

Abacus by Tom Holland

Global recession prophets have misread the US and Chinese economies

  • Relax everyone, that looming financial apocalypse just isn’t going to happen. Well, not in 2019 at least

Tom Holland
Tom Holland

Updated: 11:14am, 18 Mar, 2019

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To many pessimists, China is in an even worse plight than the US, with total debt now in excess of 250 per cent of GDP. Photo: AP
To many pessimists, China is in an even worse plight than the US, with total debt now in excess of 250 per cent of GDP. Photo: AP
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