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Economic Turmoil: China and the U.S. in Focus
This chapter examines the complex economic challenges facing China, including the middle-income trap and recovery pains from COVID-19, while also analyzing the Federal Reserve's struggle with inflation and economic growth in the U.S. It highlights the alarming rise in federal debt and the potential implications for refinancing crises, drawing parallels to past financial downturns. The chapter concludes with insights into changing employment dynamics and the impact of inflation on workers and businesses post-pandemic.
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