Global Economic Implications for the China Slowdown

Originally published on February 3, 2023, by Brielle Scott for NAIOP E-Newsletter.

Painting a picture of the current global economic climate is a complex venture, but Reva Goujon, director at Rhodium Group, leveraged her vast geopolitical expertise to do so at NAIOP’s Chapter Leadership and Legislative Retreat this week in Washington, D.C.

“First – catch your breath!” Goujon said at the start of her remarks, pointing out that 2022 created a cocktail of inflationary drivers, including:

• The land war in Europe, which caused a surge in food and energy prices.
• Tightening monetary policy (“How is the Fed going to land this plane?” she asked).
• A still-tight labor market (“There are nearly twice as many job openings as eligible workers,” Goujon noted).
• The U.S.’s “next-level” financial sanctions against Russia and tech controls against China.
• China ending its “zero-COVID” policy with a bang, among other factors.

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