Will global growth roar higher in 2023? It’ll depend whether China’s post-zero-Covid reopening boom actually materializes.
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Depending on who you speak with, 2023 will either be a year of global boom or of a chaotic slide toward recession.
The problem, of course, is that both camps can make a solid argument to support each view. Yet there’s a common thread to these schizophrenic takes: China.
If you think global growth is about to roar higher, odds are you buy into the post-zero-Covid reopening boom narrative. If downturn fears color your view, you probably worry that a Covid-infection disaster looms to crater Asia’s biggest economy and global markets.
Somewhere in between? Then you may be among those worried explosive mainland demand will send global inflation skyrocketing and asset values racing downward, a negative feedback loop no one wants.
It would help if communication were Communist Party leader Xi Jinping’s…
