China’s Economy Is In Turmoil! A Major World-wide Recession May Be on the Horizon

Guest Post by Joe Hoft Bloomberg reported Saturday that China’s economy is again slowing after there were hopes for a March recovery.  April data released today shows that industrial output, retail and investment all missed estimates.  The poor data dashes hopes that China’s economy is on the rebound and is a cause for major concern for all global economies due to the size of China’s economy, the world’s 2nd largest to the US.