China's high-flying economy is starting to lose altitude .The big question is whether the world's economic superstar will descend gradually or so fast that it harms a fragile global economy china's comedown is being engineered by its policy makers they want to slow it's growth rate just enough to cool inflation without sapping job growth It's a delicate task Nobody can say with any confidence if they'll succeed says Barry eichengreen an economics professor at the university of California Berkeley China's explosive growth remains the envy of developed nations like the united states it grew faster than any other major economy in the April June quarter according to the associated press latest quarterly global economy tracker only Argentina much smaller economy matches china's 9.5 percent annual growth rate by contrast the us economy grew at a 1.3 percent rate in the April-June quarter before expanding 2.5 percent in the July-September period the ape's global economy tracker monitors economic and financial data in 30 countries representing more than 80 percent of global output economists worry that china's economy could suffer what they call a hard landing a sudden plunge in china's growth would harm the economies of the united states Europe and small countries that need china to buy their coal copper and other raw materials that threat comes as the united states is still struggling to recover from the great recession of 2007-2009.And an agreement last week to ease Europe's debt crises might not prevent the continent from sliding back into a recession that would ripple through the united states and other countries what do we really make of this do we really have to look forward to slipping back into a recession? Where are we really headed? Are we at risk?

EMAIL||FLAG THIS POST