2023 Key Views: ‘Chimerica’ In Trouble

15 Dec 2022

by Dhaval Joshi, Chief Strategist

Both the US and China have structural imbalances that need correcting. The former has a structurally imbalanced labour market in which demand far outstrips supply. The latter has a massively overvalued housing market. The concurrent correction of these two structural imbalances in the world’s two largest economies will necessitate a sharp slowdown in global growth, and leads to several investment conclusions.

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