Mar 11, 2011 07:06 PM

Rebalancing Cannot Wait


Debt will keep consumption weak in the developed economies, and the aftereffects of the Middle Eastern revolutions will keep oil prices very high for the next decade. China's need for rebalancing has been exacerbated by a combination of weak export demand and production costs. Unless the economy becomes less dependent on exports and, by extension, investment, China could face stagflation.

You've accessed an article available only to subscribers
Share this article
Open WeChat and scan the QR code