This article is stating that
because China’s economy is dropping, so is the United States’ economy. Both of
these are very large economic powers in the world and they are both depressing
which could potentially have some very negative repercussions. This drop in these
major influencing countries could possibly lead to smaller neighbouring
countries falling as well.
Both Australia
and Brazil have slowed in growth, and this article is saying that this is
because of the United States and China’s drop. Both the United States and China
are really big countries that have large populations and a large amount of
imports and exports. Therefore if they have to slow their exports and imports,
then it will affect everyone that has any part of these transactions / trades.
This article explains that the United States’ exports to China has dropped 4
percent, which may not seem like a lot but I was thinking about how much we
trade each other, and 4 percent of that is still worth a lot of money. I was
reading another article for this project and it said that the stocks for these
countries has dropped more than 10 percent. That is a lot and a bit worrisome.
It is
scary to think that these drops could continue and bring worse problems. If our
biggest economic contributors are falling exponentially then the world should
be ready to support themselves. As I have been reading the Princeton Review, I have
been learning about how much each action for the economy effects other issues. If
the United States and China are falling, it won’t be long before everyone else
is too. We might even see some new countries come to power.
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