SS: Interesting article from Noah Smith analyzing whether the claims of China avoiding the consequences of its property sector crash are reflected in the available statistics.
While he does conclude that China did indeed face a recessionary quarter, high unemployment, and is at the risk of economic zombification; he does acknowledge that China’s supply side focused interventions *almost* worked and might be a new way to deal with recessions that economists everywhere could use as a tool in their backpack.
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SS: Interesting article from Noah Smith analyzing whether the claims of China avoiding the consequences of its property sector crash are reflected in the available statistics.
While he does conclude that China did indeed face a recessionary quarter, high unemployment, and is at the risk of economic zombification; he does acknowledge that China’s supply side focused interventions *almost* worked and might be a new way to deal with recessions that economists everywhere could use as a tool in their backpack.