Friday, October 11, 2013
Global Economy: Who Needs America Anymore?
Rightly so. China, already the second strongest economy of the world, is gathering speed again. In the past weeklong National Day holiday Chinese retail sales climbed 13.6% compared to last year. The strong domestic consumer demand reduces China´s dependence from the the volatile export market and from sales to U.S. Europe also is gathering speed as several indices show.
The tailwinds from China`s & Europe´s recovery are lifting the global economy and compensating the impacts of the moronic skirmishes in Washington DC. Who needs America anymore?