Paul Krugman won the Nobel Prize in Economics in 2008 for his work on trade patterns and the geography of economic activity. Then, in 2013, he confidently declared that China’s growth model was about to slam into the Great Wall and fall flat on its face. Since then, China’s GDP has grown by another $10+ trillion. So either take back his Nobel Prize… or admit he made one of the greatest reverse forecasts in economic history. Thanks for the analysis, Professor. #China #Krugman
Peter GregorShare
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