(Finance) – “I don’t expect a recession in the United States, growth has slowed down but the job market is still quite strong”. He said it there Treasury Secretary Janet Yellen in an interview with Bloomberg TV during the G20 in India, expressing concern about China’s economic slowdown and its possible impact on the global economy.
“The slowdown of the Chinese economy can have negative effects” in a certain number of countries and it is higher than expected after the end of Covid” – added Yellen – hoping for a decrease in tension, but noted that Beijing “has not allayed fears” and criticisms of unfair trade practices that led to the US raising tariffs.
“Many countries depend on solid Chinese growth to support the development of their economies, especially Asian countries. A slowdown in growth in China could have negative repercussions for the United States,” Yellen said, referring to weaker-than-expected Chinese economic data.