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Jakobsen: Europe’s China Syndrome
China and the Euro, both dependent on each other far more that we might think. Europe, China’s largest marketplace is suffering from low inflation, while in China growth is slowing, despite April’s import and export figures looking better. Is China actually exporting deflation?
Yes it is, according to Saxo Bank’s Chief Economist Steen Jakobsen, who argues that both the Eurozone and China are at the centre of a slowing world economy which will see stagnation for the immediate future, and he argue that ECB action, or lack of it, can't change the status quo.
02:21 minutes
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