Posted by Sada Mosler on February 25th, 2008
|PBOC to stick to ‘tight’ stance|
|Goldman Sachs raises China’s 2008 inflation forecast to 6.8%|
To the extent ‘actual inflation’ (whatever that actually is- I realize the difficulties in that statement) is higher ‘actual real growth’ (same qualifications) is lower.
Might partially explain high sustained rates of ‘real’ growth?