The secretary of Treasure, Janet Yellensaid on Monday that the slowdown in growth of Chinathe war of Russia in Ukraine and catastrophes related to the climate change could pose risks to global economic developments, but he was optimistic about the US economy.
Yellen did not comment directly on the news that China’s largest private property developer, Country Garden, is trying to delay a private bond payment, raising concerns about the risk of contagion.
He added that the Chinese crisis could affect the United States, but that it would affect its Asian neighbors above all.
“That being said, I feel very good about the overall US outlook”she maintained, adding that there is still a risk of recession in the United States but she remains convinced that growth in the country remains healthy and that the labor market is very strong.
Source: Reuters
Source: Gestion
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