More than just a bit. The US is far too big a part of the world’s economy that it can crash without also causing major misery just about everywhere else.
Meh, you are overselling u.s. a bit, if it was early 2000s that may be true, but today, with China overtaking most of the supply chain in the world and also the biggest consumer.
Also China funded a lot of infrastructure in many countries and some of those also invested a bit in advance their own structures (Brazil used to exporte oranges and import orange juice back on those days, that was the favorite exemples).
No. The US GDP is $32 trillion, China is at $20 trillion. Germany is $5.5 trillion, Japan is $4.5 trillion.
The US is roughly 25% of the world’s GDP on its own. China is approaching 20%. China is growing, the US is shrinking. But, the US is still huge. The Strait of Hormuz is 20% of the world’s oil supply. We’ve seen recently what happens to the world’s economy when 20% of something goes away. If the US economy tanks, the world’s economy suffers greatly.
Eh it will be mostly USA economy. Sure, it will drag the rest of the world with it a bit…
More than just a bit. The US is far too big a part of the world’s economy that it can crash without also causing major misery just about everywhere else.
Meh, you are overselling u.s. a bit, if it was early 2000s that may be true, but today, with China overtaking most of the supply chain in the world and also the biggest consumer.
Also China funded a lot of infrastructure in many countries and some of those also invested a bit in advance their own structures (Brazil used to exporte oranges and import orange juice back on those days, that was the favorite exemples).
No. The US GDP is $32 trillion, China is at $20 trillion. Germany is $5.5 trillion, Japan is $4.5 trillion.
The US is roughly 25% of the world’s GDP on its own. China is approaching 20%. China is growing, the US is shrinking. But, the US is still huge. The Strait of Hormuz is 20% of the world’s oil supply. We’ve seen recently what happens to the world’s economy when 20% of something goes away. If the US economy tanks, the world’s economy suffers greatly.