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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S.-China relations: 'No question' Trump will intensify tariffs, economist saysAdam Posen, president of the Peterson Institute for International Economics, says the Trump administration is likely to "reinterpret" President Joe Biden's industrial policy without rolling it back.
Persons: Adam Posen, Trump, Joe Biden's Organizations: U.S, Peterson Institute for International Economics Locations: China
The Gap comeback that might actually be working
  + stars: | 2024-10-02 | by ( Cathleen Chen | ) edition.cnn.com   time to read: +21 min
Designer Zac Posen — now creative director at Gap Inc., at the Vanity Fair Oscar party in March 2024. Danny Moloshok/ReutersSince 2014, the Gap brand has nearly halved its presence in North America, going from 968 stores in the market to 472 as of February. It makes up about 20% of overall Gap Inc. revenue, while Old Navy accounts for more than half. Before Gap, Posen was on track for a similar trajectory to Mizrahi’s. They started by redefining the positioning of each brand: Gap as a pop culture brand.
Persons: CNN — Zac Posen, Richard Dickson, Posen, Donald, Doris Fisher, Mickey Drexler, Drexler, Uniqlo, Zac Posen —, Danny Moloshok, Sonia Syngal, Dickson, Barbie, Troye Sivan, Da’vine Joy, Anne Hathaway, ” Posen, won’t, Zac, Isaac Mizrahi, , Gabriella Santaniello, Mizrahi, Zac Born, Saint Ann’s, Lola Schnabel, Julian Schnabel, Lena Dunham, Nicole Miller, Naomi Campbell, Grimm, , Da'Vine Joy Randolph —, Jamie McCarthy, Yucaipa, Ron Burkle, Sean Combs, Zac Posen, Neiman Marcus —, Zac Posen — that’s, Zac Posen’s, it’s, Paco Rabanne, Patrick Robinson, Ye, Julie Gilhart, Gilhart, ” Dickson, Bernadette Peters, , Harrison Ball, Ryan Murphy, ’ ”, TJ Maxx, Kennedy, Anne Hathway, Pietro S, Robert, William Fisher, didn’t, Mark Breitbard, Horacio Barbeito, Chris Blakeslee, Goodman, Stephanie Keith, Da’Vine Joy Randolph’s, Sivan, Hathaway, Julia Fox, influencer, Lee Peterson, hasn’t Organizations: The, Fashion, CNN, Old Navy, Inc, New Yorker, Gap Inc, Navy, Banana, Reuters, Mattel, Hollywood, Xcel Brands, QVC, Saint, Metropolitan Museum of Art, Central Saint Martins, New York Times, Centric Brands, Barneys, New York City Ballet, Swans, Disney, rockstar, Old, America ., Collins Group, Vogue, Bloomberg, Council of Fashion Designers of America, New York, Dôen Locations: Posen, San Francisco Bay, New, Banana Republic, Athleta, San Francisco, Oxford, Zara, North America, Asia, China, Republic, New York City, American, London, Bloomsbury, Balthazar, SoHo, Rome, Italy, New York, America, America . Banana
But think-tank economists warned Business Insider that former President Donald Trump's proposed mass deportation could open that door right back up. Beyond posing significant humanitarian concerns, economists worry Trump's proposed mass deportation would be hugely inflationary, partly due to the basic calculations of supply and demand. Both he and Edelberg said a sudden mass deportation would upend the labor supply and, in turn, the ability to make goods. McKibbin has researched the impact of mass deportation and said it would lead to a combination of lower production and higher costs, particularly in the agriculture and construction sectors. Add on the uncertainty that mass deportation would bring, and a chilling effect among investors seems plausible.
Persons: , Donald Trump's, Kamala Harris, Trump, Harris, Trump's, Wendy Edelberg, Warwick McKibbin, Edelberg, Adam Posen, Posen, McKibbin, Josh Bivens Organizations: Service, Federal Reserve, Trump, Business, Brookings Institution, Peterson Institute for International Economics, Peterson Institute, Bloomberg TV, Economic Policy Institute, Democratic
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDonald Trump's pledge to raise trade barriers and deport immigrants could be policy shocks that trigger a recession, JPMorgan's David Kelly told Bloomberg TV. On trade, Trump has announced plans for a universal 10% duty on all imports to the US, and has separately touted higher tariffs as a replacement for some income taxes. As for immigration, the Republican candidate has promised to carry out the largest deportation program in US history. "If you took his word on immigration, the economy would come to a halt because of deportation of unregistered immigrants or illegal immigrants."
Persons: , Donald Trump's, JPMorgan's David Kelly, Trump, he's, you've, Kelly, Larry Summers, Adam Posen, that's Organizations: Service, Bloomberg, Business, Republican, Peterson Institute, Peterson
In today's big story, we're looking at the first — and somewhat unconventional — US presidential debate happening tonight . Evan Vucci/AP images, Manuel Balce Ceneta/AP images, Tyler Le/BIIt didn't come easy, and it won't feel quite the same, but we're getting our first US presidential debate tonight. AdvertisementBut don't be surprised by some noticeable differences from what you've come to expect when two presidential candidates face off. And this marks the first presidential debate the platform navigates under the Elon Musk regime. In other newsAdvertisementWhat's happening todayRFK Jr., who did not qualify for the CNN presidential debate, will answer debate questions via livestream during his campaign's counter-programming.
Persons: , Evan Vucci, Manuel Balce Ceneta, Tyler Le, Joe Biden, Donald Trump, it's, Insider's Brent D, Griffiths, Biden, Brent, Chris Szagola, Julien de Rosa, Alice Tecotzky, Cros, Sunny Verghese, Goldman Sachs, Goldman, Adam Posen, Posen, Bord, Jenny Chang, Rodriguez, Mustafa Suleyman, Alberto Miranda, they're, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Trump, Biden, CNN, Fox News, MSNBC, Elon, Getty, Peterson, BI, NFL, RFK Jr Locations: Tesla . Texas, New York, London
Trump's vows to carry out a major deportation campaign is a stagflationary threat, Adam Posen told Bloomberg TV. Adding to inflation risk are also Trump's trade proposals, as he pledges to lift tariffs. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDonald Trump's vow to initiate the country's biggest deportation campaign is a massive stagflationary hazard, risking an economic downturn amid even tighter monetary policy, one think-tank economist said. At the same time, he's also pledged to deport all undocumented workers from the US, which total 7.5 million people, Posen said.
Persons: Trump's, Adam Posen, , Donald Trump's, Trump, he's Organizations: Bloomberg TV, Service, Republican, Peterson, Business Locations: Posen
I tried on similar linen-blend tank tops at Banana Republic, Old Navy, and Gap. Of all the shirts I tried on, the one from Gap was my favorite. However, I thought the top from Old Navy provided the best value. AdvertisementAlthough I now prefer buying clothes from thrift stores and locally owned boutiques, I used to love shopping at mall staples like Banana Republic, Old Navy, and Gap. Most recently, the company welcomed a former Mattel executive as its new CEO and designer Zac Posen as creative director of Gap Inc. and chief creative officer of Old Navy.
Persons: , Zac Posen Organizations: Banana, Old Navy, Service, Gap Inc, Mattel, Business Locations: Banana Republic, Old, Republic
Take Gap and Foot Locker — two unlikely winners that posted results on Thursday. Under CEO Mary Dillon, Foot Locker has worked to change its stores, where it does more than 80% of its sales. It has tried to create not only a better shopping experience for consumers but also a better place for its critical brand partners. Instead of two walls of shoes with competing brands mixed together, Foot Locker is changing its fleet so the brands have their own unique displays. With refreshed stores and better product displays, consumers are converting more, too, and paying full price — even Foot Locker's lower-income shopper.
Persons: Locker, Richard Dickson, Anne Hathaway, Zac Posen, Mary Dillon, Foot Locker, Dillon, Dick's Organizations: U.S, Abercrombie, Fitch, TJX, Eagle, Navy, Banana, CNBC, Dick's Sporting Goods Locations: Banana Republic, New Jersey, North America
The retailer behind Gap, Banana Republic, Athleta and Old Navy blew past earnings estimates and beat on revenue, too. Here's how Gap did compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:Earnings per share: 41 cents vs. 14 cents expected41 cents vs. 14 cents expected Revenue: $3.39 billion vs. $3.29 billion expectedGap shares spiked more than 20% in extended trading Thursday. Comparable sales were up 1%, well ahead of estimates of down 1.9%. Comparable sales were up 5% after being down a staggering 13% in the year-ago period. Analysts didn't have expectations for Athleta's comparable sales.
Persons: Richard Dickson's, Richard Dickson, Dickson, Da'Vine Joy Randolph, Zac Posen, Anne Hathaway, Here's Organizations: Navy, LSEG, CNBC, Banana Republic Locations: New York, Banana Republic, Manhattan, Posen
An MIT professor envisioned a defensive strategy in 1994 for Ukraine to survive a Russian attack. AdvertisementIn 1994, an American professor came up with a plan for Ukraine to defend against Russian invasion. Rather than seizing all of eastern Ukraine, Russia currently occupies about 18 percent of Ukrainian territory, mainly in the southeast and along the Black Sea coast. AdvertisementA member of 120th Independent Brigade of the Territorial Defense Forces of Ukraine takes part in training exercises on March 16. "The Ukrainian force can cover about 60 percent of the front with no reserves.
Persons: Barry Posen, , Posen's, Posen, Vladimir Putin, Gian Marco Benedetto, Volodymyr Zelenskyy, envelopments, didn't, Ukraine hadn't, George Barros, Barros, Michael Peck Organizations: MIT, Service, Russia —, NATO, Ukraine —, 120th Independent Brigade, Territorial Defense Forces, Russia, Mechanized, Russian, Institute for, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, American, Russia, Ukrainian, Russian, Dnipro, Posen, Soviet Union, Soviet, Moscow, America, Britain, Crimea, Donetsk, Nazi Germany, Washington ,, Kharkiv, Luhansk, Forbes
In this article GPS Follow your favorite stocks CREATE FREE ACCOUNTA general view of an Old Navy store. Sales at Old Navy grew 6% to $2.29 billion, and Gap's overall gross margin surged 5.3 percentage points to 38.9% thanks to fewer markdowns and lower input costs. The extra week contributed about four percentage points of growth during the fiscal fourth quarter, the company said. Last month, Gap announced it had tapped fashion designer Zac Posen to be its creative director and Old Navy's chief creative officer. "His role as chief creative officer at Old Navy is really to harmonize, orchestrate and dial up the storytelling across product and marketing."
Persons: Richard Dickson, We're, Dickson, It's, he's, Zac Posen, isn't, He'll, they've, Eric Chan, Amy Thompson, Mattel's Organizations: Old Navy, Inc, Navy, LSEG, CNBC, Mattel, LA Clippers Locations: Posen
After Gap 's earnings report topped Wall Street's expectations on Thursday, CEO Richard Dickson told CNBC's Jim Cramer how his company is managing to turn its business around. "We've been reigniting this brand and drawing on what the brand was so special in the first place, really taking on trend products and amplifying it in new ways that only Gap can," he said. "We're using music, we're using fashion as entertainment, and we're taking basic product—linen, denim, wovens, pants—and we're amplifying the narrative around these categories and driving share growth." In addition to its namesake brand, Gap owns brands including Old Navy, Banana Republic and Athleta. "Zac's creative expertise, his cultural clarity, it's consistently evolved American fashion," Dickson said.
Persons: Richard Dickson, CNBC's Jim Cramer, We've, Dickson, he's, Mattel's Barbie, Zac Posen, Richard Dickson's Organizations: Mattel, Old Navy, Banana, Navy Locations: Banana Republic
Old Hollywood Glamour at the Gap?
  + stars: | 2024-02-09 | by ( Ruth La Ferla | ) www.nytimes.com   time to read: +1 min
On Monday Mr. Posen, 43, whose namesake brand ceased operations in 2019, was announced as the new creative director of Gap Inc. and the new chief creative officer of Old Navy. The designer known for pieces that evoke Golden Age Hollywood will “serve as cultural curator and creative partner,” Richard Dickson, the president and chief executive of Gap Inc., said in a news release. Nor is he the first star talent to be awarded a fancy title at Gap. Predecessors have included Patrick Robinson, who after a four-year stint was dismissed in 2011 and, more controversially, Ye, the rapper formerly known as Kanye West, whose Yeezy Gap partnership ended amid a scandal in 2022. And yet, the company still seems willing to bank on a “name” to help burnish its image.
Persons: Zac Posen, ” Richard Dickson, Posen’s, Patrick Robinson, Ye, West Organizations: Mr, Gap Inc, Old Navy, Target Locations: Posen
NEW YORK (AP) — Executive producer Ryan Murphy is known for creating vivid TV worlds where high drama feels completely normal. Costume designer and producer Lou Eyrich has helped him bring these worlds alive, and their latest collaboration, “Feud: Capote vs. Eyrich said Watts, who plays Babe Paley, “got hit the hardest” as the main character besides Capote. While the real Paley wore a designer dress with a fur coat to the ball, Posen made adjustments. “She took everybody’s notes really to heart and she really wanted it to be collaborative.
Persons: Ryan Murphy, Lou Eyrich, , Truman Capote, Babe Paley, C.Z, Lee Radziwill, ” Tom Hollander, Capote, cavorting, Naomi Watts, Diane Lane, Demi Moore, Chloe Sevigny, Molly Ringwald, Laurence Leamer, Watts, Eyrich, , ” Watts, Hulu —, Murphy, “ Ryan, ” Eyrich, Erich, Babe, Gucci loafers, Zac Posen, Posen, ” Posen, Jim Henson, Fellini, Zeffirelli, Paley, it’s, Van Cleef, Cartier, Verdura, I’m, ” Moore, Ringwald, , ” Ringwald, “ I’m, ” Sevigny, Eyrich’s Organizations: , Manhattan, AP, Hulu, American Locations: New York, turtlenecks, Givenchy
The latest episode of Ryan Murphy’s new series, “Feud: Capote vs. the Swans,” recreates Truman Capote’s famous Black and White Ball, held at the Plaza Hotel in New York City in 1966. The event, which honored Katharine Graham, the former publisher of the Washington Post, was a coveted invite. And the guests, who included Mia Farrow and Frank Sinatra, were, according to The New York Times, “as spectacular a group as has ever been assembled for a private party in New York.”The series depicts the ball through imaginary footage shot by the Maysles brothers, the documentary team. It suggests a cattier side to the bash, with humiliated party crashers, scorned ex-wives and an inebriated host. Ahead of the third episode, members of the Styles desk discussed the gowns at the ball, designed by Zac Posen; the hair; and what made the party so good.
Persons: Ryan Murphy’s, , Truman Capote’s, Katharine Graham, Mia Farrow, Frank Sinatra, crashers, Zac Posen Organizations: Swans, Washington Post, The New York Times Locations: New York City, New York
NEW YORK (AP) — Gap Inc. has tapped American fashion designer Zac Posen as the chain's creative director. Dickson had previously been president of toy giant Mattel and was responsible for re-energizing its Barbie and Hot Wheels lines. Gap also operates stores under Athleta and Banana Republic, Old Navy and its namesake brand. Photos You Should See View All 45 ImagesHe'll be executive vice president at Gap Inc. and also chief creative officer for the lower-priced Old Navy chain. Posen will work closely with Haio Barbeito, Old Navy’s president and CEO, reporting directly to him, the company said.
Persons: Zac Posen, Richard Dickson, Dickson, ” Posen, Katie Holmes, Rihanna, Haio Barbeito Organizations: San, Mattel, Navy, , Gap Inc Locations: San Francisco, Banana Republic, Posen
A Manhattan penthouse with a rooftop swimming pool has sold for $18.75 million, a roughly 40% discount from its original asking price of $30 million in 2022. Property records show the buyer of the Tribeca condo unit was Bill Haussmann, founder of Prestige Medical Imaging, a New York-based medical-imaging company acquired in 2021 by private-equity firm Atlantic Street Capital. The seller was Simon Posen, a U.K.-born investor.
Persons: Bill Haussmann, Simon Posen Organizations: Tribeca, Prestige Medical, Street Capital Locations: Manhattan, New York, U.K
Taylor Hill/FilmMagic/Getty Images Hari Nef arrived in hot-off-the-runway JW Anderson. Taylor Hill/FilmMagic/Getty Images Molly Ringwald stepped out in a scarlet red Zac Posen number. Taylor Hill/FilmMagic/Getty Images Jenna Lyons opted for a classic back suit with a fitted waist. Taylor Hill/FilmMagic/Getty ImagesSerena Williams, who became the first athlete to be honored as a CFDA Fashion Icon, similarly opted for an all-American designer. Taylor Hill/FilmMagic/Getty ImagesKim Kardashian and Law Roach, meanwhile, broke from the ranks and chose to amplify smaller US designers in two equally eye-catching looks.
Persons: Willy Chavarria, Catherine Holstein —, , Olsen, Anne Hathaway, Dimitrios Kambouris, Demi Moore, Carolina Herrera sequined, Taylor, Devon Lee Carlson, Jeremy O, Harris, Chloe Sevigny, Gwyneth Paltrow, Hari Nef, Molly Ringwald, Zac Posen, Jenna Lyons, Greta Lee, Emma Chamberlain, Thom Browne, Ashley Graham, Anne, Ralph Lauren’s, jean, Britney Spears, it’s, Ralph Lauren, Vanessa Hudgens, Vera Wang, Anne Hathaway's, Serena Williams, Williams, Thom Browne —, , ” Williams, Hudgens, Wang, Wang —, Kim Kardashian, Law Roach, Roach Organizations: CNN, of Fashion Designers of America, American Museum of, Getty, Anderson, Housewives, New York, U.S ., York Locations: New York City, New York, Carolina, Los Angeles, Brooklyn
Why Trump Is Right About Tariffs
  + stars: | 2023-10-27 | by ( Oren Cass | ) www.wsj.com   time to read: +1 min
President Donald Trump at a Whirlpool manufacturing facility in Ohio, Aug. 2020. Photo: Scott Olson/Getty ImagesEconomists have reacted poorly to Donald Trump’s recent proposal for a 10% tariff on all imports. After all, tax revenue is necessary to provide public services, and tariffs have long proved an effective way to collect it. In 1789, the first law in the first Congress—advocated by Alexander Hamilton, introduced by James Madison and signed by George Washington on the Fourth of July—established a tariff not unlike Trump’s. For much of the nation’s history, while growing from colonial backwater to continent-spanning industrial colossus, the U.S. imposed some of the world’s highest tariffs, which were the primary means of funding the federal government.
Persons: Donald Trump, Scott Olson, Donald Trump’s, Adam Posen, Michael Strain, , Alexander Hamilton, James Madison, George Washington Organizations: Getty, Peterson Institute for International Economics, American Enterprise Institute Locations: Ohio, U.S
AdvertisementAdvertisementT-72s, T-80s, and T-90sUkrainians load a Russian T-72 onto a truck outside Izyum in September 2022. It also has a coaxial 7.62 mm machine gun mounted in the hull and a 12.7mm heavy machine gun on the turret. AdvertisementAdvertisementUS soldiers examine a Ukrainian T-80 tank during an exercise in September 2014. AdvertisementAdvertisementA Danish instructor leads a Ukrainian tank crew and translators through training on a Leopard 1A5 in Germany in May. AdvertisementAdvertisementA Ukrainian Leopard 1 tank crew at a test site in Ukraine in September.
Persons: , ANATOLII STEPANOV, ALEXANDER ZEMLIANICHENKO, Sean Gallup, Uralvagonzavod, Russia hasn't, Sven Creutzmann, Barry Posen, John Moore, Posen Organizations: Service, Getty, REUTERS, NATO, Soviet, Massachusetts Institute of Technology, MIT, LB, Leopard 2A5, Royal United Services Institute, 47th Mechanized Brigade Locations: Ukraine, Russia, Soviet, Russian, Izyum, AFP, Moscow, Ukrainian, Kharkiv, Syria, Poland, Soviet Union, Germany, Posen, Spain, Norway, Canada, Portugal, Denmark, Sweden, British
China's capital exodus is among the worst seen by emerging markets, said Robin Brooks, chief economist at IIF. That's as global investors have grown wary of autocratic regimes, he tweeted on Sunday. "The change in global capital flows is seismic. "But China has now seen consistent and large outflows for the past 18 months, as investors grow wary of autocracies." Global markets look at China in a new light," Brooks said in a separate X post.
Persons: Robin Brooks, Brooks, Ukraine that's, Adam Posen Organizations: IIF, Service, Institute of International Finance, hemorrhaging, CSI, Administration of Foreign Exchange, EPFR, Peterson Institute for International Economics, Foreign Affairs Locations: China, Wall, Silicon, Ukraine, outflows
The U.S. economy has avoided a threatened banking crisis and financial markets have not only aligned with the Federal Reserve's tight-credit policies but of late even helped the process by bidding up market interest rates. "I think Powell’s main effort is going to be explaining to what degree you want to hold (interest rates) higher for longer in the current outlook." Investors in contracts tied to the Fed's benchmark interest rate currently expect the Fed to begin reducing the policy rate next year from the current level set between 5.25% and 5.5%. Fed officials in fact have begun discussing the possibility of rate cuts down the road, at least in the context of steadily falling inflation. If inflation does decline as expected, Fed officials including Powell have suggested rate reductions might be appropriate to maintain a roughly constant inflation-adjusted "real rate."
Persons: Jerome Powell, Jackson, Jim Urquhart, JACKSON, Antulio Bomfim, Powell, who've, isn't, Adam Posen, William English, Donald Kohn, Howard Schneider, Andrea Ricci Organizations: REUTERS, Federal, Kansas, Fed, Northern Trust, Bank of England's, Committee, Peterson Institute for International Economics, Yale School of Management, Brookings Institution, Thomson Locations: Teton, Jackson , Wyoming, U.S, , Wyoming, Washington
He called the U.S. central bank's misreading of the issue "a major failure" that can mar analysis of where the economy stands. Since 2016, policies from the vastly different Trump and Biden administrations have combined in a sort of accidental complementarity to keep both job and economic growth above the Fed's estimate of potential. Median Fed policymaker projections of potential U.S. economic growth have slid from a level around 2.5% a decade ago to 1.8% as of June 2023, when the last projections were issued. Under pressure from colleagues to raise interest rates as the economy accelerated, Greenspan resisted and accommodated the expansion instead of fighting it. But it could help economic growth continue even as prices cool, another prop for the "soft landing" the Fed hopes to engineer and possible evidence of rising potential.
Persons: John Williams, Joe Biden, Adam Posen, Donald Trump, Trump's, Biden, Dana Peterson, Peterson, Jerome Powell, Board's Peterson, Alan Greenspan's, Greenspan, Jackson, John Fernald, Huiyu Li, Michael Feroli, Antulio Bomfim, Powell, Howard Schneider, Paul Simao Organizations: Federal Reserve, New York Fed, San Francisco, Fed, Reuters, BlackRock, Bank of England, Peterson Institute for International Economics, Trump, Biden, Conference Board, Jackson, San Francisco Fed, JPMorgan, Trust Asset Management, Thomson Locations: U.S, Jackson Hole , Wyoming, Washington
Why China’s Economy Is Stumbling - The New York Times
  + stars: | 2023-08-10 | by ( Paul Krugman | ) www.nytimes.com   time to read: +1 min
Decades of miraculous growth had transformed a desperately poor nation into an economic superpower, with a gross domestic product that by some measures was larger than America’s. China’s aggressive response to Covid was widely praised; its Belt and Road Initiative, a huge program of infrastructure investments around the world, was clearly a bid for global influence, maybe even supremacy. But now China is stumbling. Its “zero Covid” policy of locking cities down at the first indication of an outbreak proved untenable, but abandoning the policy hasn’t produced the expected economic surge. Some analysts attribute China’s stumble to policies of its current leadership.
Persons: Covid, Adam Posen Organizations: Initiative, Peterson Institute for International Economics Locations: China, Japan, U.S
China is suffering from "economic long COVID," Adam Posen wrote in Foreign Affairs. Like other authoritarian regimes, China's economic development is following a predictable pattern, he noted. "Low appetite for illiquid investment and low responsiveness to supportive macroeconomic policies: that, in a nutshell, is economic long COVID," he wrote. Despite the West's growing tensions with Beijing, China's economic woes aren't necessarily good news for its rivals either, Posen said. "When another global recession hits, China's growth will not help revive demand abroad as it did last time.
Persons: Adam Posen, Peterson, , Goldman Sachs, It's, Xi, COVID, Posen, there's Organizations: Foreign Affairs, Service, Peterson Institute for International Economics, Bank of America, Monetary Fund, Organization for Economic Cooperation, Development, China's Communist Party Locations: China, Wall, Silicon, Beijing, Posen
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