World Economy is close to a recession at 3.1% projected growth when 2.5% GDP growth or less is defined as world recession
Stephen S. Roach, a faculty member at Yale University and a former chairman of Morgan Stanley Asia, is the author of Unbalanced: The Codependency of America and China. According to the International Monetary Fund – the official arbiter of global economic metrics – the Chinese economy accounts for 17.3 per cent of world GDP (measured …