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10 sats \ 2 replies \ @Undisciplined 6 May \ parent \ on: China Surpasses EU and US as Dominant Partner for Developing Nations econ
Either... both.
Trade flows scale proportionally with economy size and inversely with distance. As Europe shrinks economically, their trade partners will also shrink, but to a lesser degree.
Over time, economies closer to Asia will grow more and those closer to Europe will shrink.
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63 sats \ 1 reply \ @riberet19 6 May
This makes a lot of sense, if the outlook continues like this, I can see Europe progressively weakening until there is a breaking point, I think we are in for quite a bit of pain.
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42 sats \ 0 replies \ @Undisciplined 6 May
They might just be at a trade disadvantage, by virtue of being further away from Asia, and that might put downward pressure on their economies.
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