After Waves of Weakness, Is World Recession Next

• Asian neighbors and commodity exporters were the first to feel the effect of China’s waning economy.
• The stronger US dollar and weaker global growth have had a second-order impact on US manufacturers.
• Lower energy prices may serve to accelerate consumer spending in the third wave after China’s slowdown.

China’s spectacular pace of economic expansion has ebbed, and the tides of this slowdown have washed over other countries and markets in a series of waves. Let’s consider the impacts for global growth and the US economy in particular.