Lending Slowdown Won’t Derail U.S. Economy


With China being the biggest buyer of copper, iron and other metals, and the second-largest consumer of oil after the U.S., the uncertainty surrounding its slowdown has sent commodity prices spiraling down, prompting growing worries about the impact to economies that rely heavily on selling things dug up from the earth. These include countries such as Australia, Indonesia, Chile and Brazil, which have seen a sharp and sudden reversal of fortunes after years of cashing in on China's boom.

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Source : http://www.latimes.com/business/la-fi-us-economic-impact-20150825-story.html

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