Can the BRICs replace the much-touted US consumer as the world’s main growth engine? This column says the Chinese economy will continue to increase relative to all others, while the US share of global output will stagnate. But while China’s relative contribution to global growth will increase, it won’t be “driving” growth in the developed economies.
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18 - 20 July 2019 / Columbia University & Federal Reserve Bank of New York, NYC, USA / Central Bank Research Association (CEBRA)
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