Economist Richard Koo Urges China to Implement Fiscal Stimulus to Avert Recession
Sunday, 19 May 2024, 22:00
Insights on China's Economic Challenges
Economist Richard Koo warns of a looming recession in China if fiscal stimulus measures are not implemented swiftly.
Why Fiscal Stimulus is Crucial
Koo emphasizes the need for proactive measures to avert a 'balance-sheet recession' in China.
- China faces heightened risks due to its current economic situation.
- Koo's influential theories have guided policymakers globally.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.