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China, Economic collapse, economics, financial collapse, GDP, global economy, Japan, meltdown, money, risk

Major Japanese Firm Predicts Economic Collapse Likely in China, World

from another article at Zerohedge.com

“One bank that is now less than optimistic that China can escape a total economic meltdown is the Daiwa Institute of Research, a think tank owned by Daiwa Securities Group, the second largest brokerage in Japan after Nomura.  Actually, scratch that: Daiwa is downright apocalyptic.  In a report released on Friday” they consider many possible scenarios, and suggest that

“Even in an optimum scenario China’s economic growth rate would fall to around zero.”

That is their BEST CASE SCENARIO.  Not the most likely one.  In the most likely scenario, Chinese GDP growth, which has been stable from 2003-2015 around 7-8%, will plummet to NEGATIVE 8% in the next two years.  That will cause trillions in losses worldwide.  “Of all the possible risk scenarios the meltdown scenario is, realistically speaking, the most likely to occur. If China’s economy, the second largest in the world, twice the size of Japan’s, were to lapse into a meltdown situation such as this one, the effect would more than likely send the world economy into a tailspin. Its impact could be the worst the world has ever seen.”

DAIWA China prediction

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About David Montaigne

Historian, investigator, and author of prophecy books like End Times and 2019, and Antichrist 2016-2019

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