US recession prompts call for recoupling
Jim O'Neill, head of global economic research at the bank, said China's outlook was the biggest concern, due to its export exposure to the US. The country is also facing more difficult economic conditions, as credit controls tighten and the renminbi appreciates.
"Unlike the past couple of years, we don't think the world is capable of escaping," said O'Neill. "There is growing evidence China might be slowing in addition to what is happening in the US. We think the recoupling idea should be thought
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