Monday, October 13, 2014

China Now #1 Economy as Unemployment, Poverty & Debt Increase in U.S!


China Just Overtook The US As The World’s Largest Economy
The decision on a new SDR structure, to be made in the next 15 months, will influence how China and its currency can play a bigger part in driving world trade, investment and capital flows. The renminbi could eventually challenge the dollar and its pivotal position in world money
The International Monetary Fund (IMF) has downgraded its global growth forecast for both this year and next
We expect the world economy to grow at about 41?2 percent a year in both 2011 and 2012
Poverty Nears 20%
Economic anxiety amid a dwindling oil and gas industry
Ebola, Hong Kong weigh as risks to business rise
Sources:
http://www.businessinsider.com/china-…
http://static4.businessinsider.com/im…
http://www.cnbc.com/id/102065758
https://www.imf.org/external/pubs/ft/…
http://www.bloomberg.com/news/2014-10…
http://www.nytimes.com/2014/10/09/us/…
http://www.cnbc.com/id/102065549

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