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Religion & Law

: Constitutionally Correct

G20 looks to Beijing to drive global growth in face of U.S. deficits

By ADF Alliance Alert

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Financial Times: The G20 appears to be placing a large bet on China?s policymakers. At their summit last month, one developed country after another, bar the US, said they would cut fiscal deficits. ?If these economies all decide to reduce their budget deficits, what will drive global growth?? asked Simon Johnson, the former IMF chief economist. 'The answer in Toronto was obvious: China.'?

Full post as published by Constitutionally Correct on July 12, 2010 (boomark / email).

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