Paul Hannon
speaker
41 appearances
1 recordings
1 series
first heard Nov 2019
last heard Nov 2019
Paul Hannon’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Business Activity Pumps U.S. Economy Amid Global Slowdown · 25 Nov 2019
podcast
What she had to say was, look, we can't rely on exports to drive growth in the future.
We have to be doing more to lift demand at home.
And that's a message that is going out to the German government in particular, which
She wants to spend more on investment projects.
It's a very connected place.
Over the last four decades, this web of supply chains has been built across the globe.
People have obviously invested a lot of money in other countries.
Businesses have subsidiaries there.
US businesses sell everywhere, even if they aren't making things in the US and shipping them overseas.
So, you know, if China and Europe are having a bad time
the U.S.
isn't going to be unscathed.
Having said that, the U.S.
isn't as dependent on exports as Europe and Japan, for example.
So if there is trouble ahead on the trade front more globally, it's likely to emerge from it less damaged than the other big developed economies.
Factories have had a hard time everywhere for the last 18 months, and there are a variety of reasons for that.
But, you know, factories employ people.
And if they begin to cut jobs or to hire less aggressively, that has an impact on incomes and people with, you know, less money to spend.
are going to be staying at home, not going out to restaurants, not going to the cinema, not doing all the things that you can do if you've got a lot of cash.
And that's how the ripple or the connection from manufacturing woes to services might happen.
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