The World Bank said global growth is stabilizing but at a weak pace. In the United States, inflation reached a 3-year low as the Federal Reserve prepares to cut interest rates next week.
Meanwhile, in China foreign trade is up while producer prices are down. The country is also moving to open up manufacturing to foreign investment.
Joining the discussion:
- Yan Liang is a Chair Professor in Economics at Willamette University.
- Otaviano Canuto served as a Vice President and Executive Director for the World Bank, currently a Senior Fellow at the Policy Center for the New South.
- John Gong is a Professor at the University of International Business and Economics.
- Anthony Chan is a former Chief Economist with JPMorgan Chase.
#China's decision to fully open its manufacturing sector to foreign investment and allow more space for foreign capital in its health and medical care sectors are undoubtedly important manifestations of #China's commitment to high-standard opening-up: expert… pic.twitter.com/gELbLPSgop
— Global Times (@globaltimesnews) September 13, 2024
IMF supports imminent start of US Fed easing cycle as inflation, economy slow https://t.co/AZ6qQHxprA pic.twitter.com/XEd6KTou44
— Reuters Politics (@ReutersPolitics) September 13, 2024