The coronavirus took a bite out of China’s economic growth in January, and it looks like February’s growth numbers won’t be any better. The economic forecast in terms of Chinese economic growth in 2020 is 6.0%. But according to economists, Chinese GDP growth will slide below 5.9% in 2020 thanks to the virus, weak manufacturing, the tech war with the United States, and high consumer debt.
U.S. economic growth in 2019 was 2.1%, according to government figures. Other economists think GDP growth was more like 1.9%. The growth forecast for 2020 is anywhere between 1.9% and 2.1%. Mr. Trump promised his voter base economic growth would be 3% during his campaign.
The president also told his voter base they will see at least 450 miles of border wall by election day. But a huge chunk of the repurposed border wall fell on trees in Mexico when 37mph winds knocked the wall of its foundation. A customs and border agent said the foundation’s cement wasn’t dry when the winds hit. But several groups continue to complain about the corners Trump’s wall builder cuts in order to complete the promised amount of wall.
Mike Pompeo flew to Ukraine to make sure Zelensky told the press what he said months ago about not feeling pressure from Mr. Trump during the now-famous telephone conversation. Mr. Trump wants Zelensky to repeat that statement to solidify his claim his impeachment was a hoax.
Nancy Pelosi told the press the president will always be the third president impeached by the House. Rudy Giuliani seemed upset he didn’t participate on the Trump defense team. But even though he wanted to participate, he did enjoy throwing John Bolton under the impeachment bus for his willingness to spill the quid pro quo beans.
Boris Johnson is Huawei’s new best friend. Johnson wants Huawei to build part of the country’s 5G cellular infrastructure. Boris got serious pressure from the United States when Pompeo found out Johnson said he doesn’t need help deciding who should build his 5G platform, but he picked Huawei anyway.
Mr. Johnson needs a trade deal with the U.S. in order to stimulate his weak economy. According to theguardian.com, France and Italy need help stimulating their economies, but interest rates in Europe are too low to give those countries a hand pulling out of a recession that sits on their financial doorstep. France’s economy contracted by 0.1% and Italy’s contracted by 0.3%. Spain’s economy grew by 0.5% thanks to a booming export business.
Dil Bole Oberoi
