Richard Yetsenga

CHIEF ECONOMIST, ANZ

When the Federal Reserve eases, bank lending standards are typically tightening and unemployment rising sharply. But so far unemployment has only risen a very modest three-quarters of a percentage point.

Over-estimating easing

The pandemic is likely to spark the next stage of China’s regression towards mean global growth rates of 2 to 3 per cent.
THE BROAD VIEW

China: Gradually, now suddenly