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02 January 2024

My China Prediction Was A Bit Off

On September 27, 2012, I predicted a Great Depression class economic downturn in China that would start prior to 2024. Specifically, I said that:

My prediction is that there is a 68% chance that China will experience its own first, post-Cultural Revolution Great Depression (defined by standards similar to those used by first world economy financial journalists to distinguish between a mere recession and a true depression) sometime between 2015 and 2023.

China is currently hitting a bump in the economic road and has hit others in the relevant time periods, but none that severe in this time frame.

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