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China is experiencing a rare episode of sliding prices. Japans economy experienced this back in the 1990s and early 2000s. Now, this comes hot the heels of disappointing china trade data on tuesday, which showed that exports sank at their fastest rate since the pandemic, dropping by more 14 in the year tojuly, with imports also falling by more than 12 in the same period. Joining me now is duncan wrigley, Chief China Economist at pantheon macroeconomics. Thank you very much for being with us today. The Rest Of The World looking on in amazement. Considering the inflationary pressures the rest of us are dealing with. What do you read Between The Lines in this latest data . Between the lines in this latest data . Latest data . Ok, i mean, there are some latest data . Ok, i mean, there are some shortterm latest d ....
Of brexit, covid and the war in ukraine badly affecting finances. it s predicting that uk gdp that s the total value of economic value produced in any economy will remain below pre pandemic levels until the second half of next year. it also expects that it will taken until 2028 for the uk to reduce its inflation rate to the 2% target. i m joined now by shanti kelemen, chief investment officer at m&g wealth investments. thank you very much for being with us today. no doubt this is bad news, but there are a lot of struggling economies out there right now of course. as there right now of course. as the uk as well as you can see doing any better or worse than them? i doing any better or worse than them? ~ ., ., them? i think we are a little worse in them? i think we are a little worse in the them? i think we are a little worse in the inflation - them? i think we are a little worse in the inflation has i them? i think we are a little i worse in the inflation has been slower to come ....
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