These days it does not matter how much the US economy is pumped with steroids, if China cannot keep pace, the rest of the world slows down. Even the US begins to stagger. That is the message from the International Monetary Fund, which has supplemented its usual March and October biannual health checks on the global economy with a handy interim report timed to coincide with the Davos business and political leaders’ summit. Where once the US was a V8 engine driving the global economy, now it has an equal partner on the other side of the Pacific.
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