Home » 257 Economists Say Global Recession Is Near, US Trade Restrictions Against China Could Stir Taiwan Invasion – Economics Bitcoin News

257 Economists Say Global Recession Is Near, US Trade Restrictions Against China Could Stir Taiwan Invasion – Economics Bitcoin News

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The global economy is approaching recession, according to 257 economists surveyed by Reuters, but 70% of survey participants believe a sharp rise in unemployment is unlikely. The poll follows the Biden administration and the U.S. Department of Commerce issuing a package of trade restrictions against ties between China and the semiconductor industry. Tensions between the United States and China have given observers reason to believe that China could invade Taiwan in the near future. According to a description derived from a meeting of the 20th Communist Party Congress (CCP), President Xi Jinping is reportedly discussing completing the state’s rule over Hong Kong, saying “Taiwan is next.” I’m here.

Polls economists believe global economy is nearing recession, market analysts at Rabobank say it’s ‘pretty easy’

The global economy looks bleak in the aftermath of the response to the Covid-19 pandemic and recent tensions between major nations. At the global level, inflation is soaring in all countries, compounded by rising energy costs linked to financial sanctions and the ongoing war between Ukraine and Russia. The news agency Reuters poll It is made up of 257 economists, with the majority of individuals believing the global economy is approaching recession. Rabobank global strategist Michael Every told Reuters that “the risk of a global recession” is at the forefront of everyone’s conversation.

“I think it’s a no-brainer when you look at all the major economic trends,” Every said. He further added that if unemployment remains high, it will give ammunition to central banks like the US Federal Reserve. raise the rate. “longer than [the jobless rate] If the central bank feels it can continue to raise rates, it will step up,” Every said.

257 Economists say global recession nearing, US trade restrictions on China could inspire Taiwan aggression

70% of economists surveyed say it is unlikely or very unlikely that the unemployment rate will rise. Data from the Sept. 26 to Oct. 25 polls of his outlook are downgraded compared to the stats Reuters recorded for him in July. “Global growth will slow to 2.3% in 2023 from a forecast of 2.9% this year, according to a Reuters poll of economists covering 47 major economies conducted between September 26 and October 26. and is projected to recover to 3.0% by 2024.25,” wrote news agency reporter Hari Kishan. As far as China, the second largest economy, is concerned, economists surveyed said the country is “expected to grow by 3.2% in 2022.”

US tensions with China escalate, “new export controls on Chinese chip industry” “ensured invasion of Taiwan”

The Reuters poll was conducted at a time of great tension between the United States and China. Nancy Pelosi, USA representative from California, visit taiwan In August, the conference was deemed disrespectful to China. At the time, the White House said China was preparing to carry out a “military provocation” while Chinese warships conducted military exercises in the Taiwan Strait.Earlier this week, the U.S. government Paid Two Chinese intelligence agents who bribed civil servants with bitcoins to gain access to classified documents.

257 Economists say global recession nearing, US trade restrictions on China could inspire Taiwan aggression

On October 7, 2022, the U.S. Department of Commerce launched and created a package of semiconductor-related trade restrictions against China. New York Times (NYT) report “The White House has curtailed the sale of semiconductors and chip-making equipment to China across the board in an attempt to limit China’s access to critical technology.” Emily, a senior fellow at a think tank called the Center for a New American Security Kilkreath told The New York Times that the move “is an aggressive approach by the U.S. government to really begin to undermine China’s ability to independently develop certain of these key technologies.” ”

With the recent US crackdown on China, many believe China will invade Taiwan. Capitalist abuse Contributor Chris McIntosh explained The Biden administration’s addition of “new export controls on China’s semiconductor industry” merely “guaranteed an invasion of Taiwan.” Speaking about the 20th Congress of the Communist Party of China, Mackintosh also noted that Chinese President Xi Jinping said that Hong Kong’s control is now “total” and that “Taiwan is next.” McIntosh isn’t the only one who thinks China will invade Taiwan.

recently blog post, Dickwella also referred to well-documented CCP meetings and the forced removal of former Chinese President Hu Jintao. “The forcible expulsion of Hu Jintao from the party convention in the eyes of the world marks a departure from this approach,” Dickwella said on Oct. 22. Relations with Taiwan would effectively come to an end. Tuesday, JP Morgan boss Jamie Dimon Said Tensions between the US and China and the ongoing Russian-Ukrainian war are “much more concerning” than the recession.

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Capitalist abuse, China, chinese government, Chinese intelligence agent, Chris McIntosh, Danuka Dickwella, Emily Kilkries, export regulation, Hu Jintao, Michael Every, Nancy Pelosi, geopolitical bloggers from sri lanka, Strategist at Rabobank, Taiwan, Taiwan invasion, Taiwan Strait, trade restrictions, we, America, US-China relations, US-China tensions, Xi Jinping

What are your thoughts on Reuters polls that show economists believe a recession is on the horizon? What are your thoughts on the possibility that US-China tensions are driving an invasion of Taiwan? In the comments section below. , please give your opinion on this matter.

Jamie Redman

Jamie Redman is a news lead for Bitcoin.com News and a financial technology journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News about disruptive protocols currently emerging.

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