Bloomberg Quicktake published this video item, entitled “Yellen Says China Slowdown Risks Spillovers But No US Recession” – below is their description.
Treasury Secretary Janet Yellen said China’s economic slowdown risks causing ripple effects across the global economy, though she doesn’t expect a recession in the US.
“Many countries do depend on strong Chinese growth to promote growth in their own economies, particularly countries in Asia — and slow growth in China can have some negative spillovers for the United States,” Yellen said in a Bloomberg Television interview Monday hours after a raft of Chinese economic data came in weaker than expected.
In the US, “growth has slowed, but our labor market continues to be quite strong — I don’t expect a recession,” Yellen said. The economy is on a “good path” to bring inflation down without a major weakening in the labor market, she said.
——–
Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm
Subscribe to Bloomberg Originals: https://www.youtube.com/BloombergTV
Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
YouTube: https://www.youtube.com/user/Bloomberg
Breaking News on YouTube: https://www.youtube.com/@BloombergQuicktakeNow
Twitter: https://twitter.com/quicktake
Facebook: https://www.facebook.com/quicktake
Instagram: https://www.instagram.com/quicktake
Bloomberg Quicktake YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
