China’s growth is slowing down, but the global economy is still expected to expand at a greater rate than in the years leading up to the pandemic
could hurt some multinational companies and commodity producers for years to come, casting a shadow over the global recovery from the pandemic—but likely not derailing it entirely.
Sputtering momentum in China’s economy—which accounts for about 15% of global trade and a quarter of projected global economic growth in the five years through 2026—is already weighing on prices for commodities like iron ore, and making it harder for some companies to grow their businesses there.
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