“Demand will be and will need to be restrained by the removal of monetary accommodation,” she said. “And this has become very clear in recent months.”In addition to the war, the pandemic and rising interest rates, China is facing a downturn in its property sector, and the Brazilian economy could be damaged by political turmoil related to coming elections, she said.New data show that Chinese economic growth and retail sales are flagging, as the government imposes sweeping lockdowns to stamp out the coronavirus. By April 11, 87 of China’s 100 largest cities had imposed some form of restriction on movement, according to Gavekal Dragonomics, an economic research firm.The restrictions are again disrupting global supply chains for electronics, car parts and other goods, and dampening Chinese i …
