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Greece with its empty coffers, Hungary with its threat of having to restructure its debt, and the US with its ever lasting Great Recession are all candidates for being the culprit of rocking the boat.
On the surface, China is the big winner with a strong growth. Its neighbours enjoy economic growth thanks to China's demand for goods, but, that is just at the surface. In a previous blog post in february, I highlighted the early signs of inflationary pressure building up in China. The minimal wage in Jiangsu province was increased by 13%, which is large in absolute terms, but it is nothing compared to the 30% and 70% salary increase Foxconn is giving its Shenzen workers.
This will put some serious pressure on the wages in China, which will then be reflected worldwide. If on top of it the Renminbi is let to appreciate, you can imagine the impact for the rest of the world.
Be prepared for inflation
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