Bridgewater’s Jensen Says China Reopening Adds Risk to US, European Growth
- China opening seen making central banks’ dilemma worse
- Says a US downturn is likely to be longer than usual
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Bridgewater Associates’ Greg Jensen said a successful China reopening after three years of sporadic pandemic lockdowns will pose a risk to economic growth in the US and Europe by increasing the inflation pressures that are driving central banks to raise interest rates.
The Bridgewater co-chief investment officer said the shutdowns in China have been a “blessing” for the rest of the world by slowing the second-largest economy.