âFor a share plate, we ordered the crab cakes and they had nice spice and a perfectly crunchy light crust.â âThe food is disappointing, with the share plates consisting of food I've never come across before.â
China's Only 15% Of The Global Economy But Contributes 25 - 30% Of Global Growth. Itâs entirely possible to become a little over-enthusiastic about the size of Chinaâs economy. Yes, assuming that we donât count the European Union as one economy, itâs the second largest economy on the planet.
Also, the direct impact of Brazil, Russia, India and China on global demand is still limited. Even China is only 12 percent of global G.D.P. in current dollars. So loosing 4 percent of China G.D.P. is equivalent to 0.5 percent global G.D.P.. which would be painful but not dramatic. And the Russian economy is only a quarter the size of China's economy so the impact of a slowdown in the Russian economy would be virtually trivial. Potentially, we should instead worry about the indirect effect of the slowdown.