Inflation, public debt, and crisis risks - overview of macroeconomic data from the US and China

2023 has passed 2/3 of the journey with a series of small crises from the aftermath of inflation, Covid, and fiscal and monetary policies of major countries around the world. Last week, the figures on price growth, CPI and PPI, from the US and China were released, highlighting the contrasting issues that these two economic powerhouses are facing. But whether facing inflation or deflation, these two countries, and even European nations, are sitting on a mountain of enormous debt. 

In this week's macroeconomic article, Viet Hustler will analyze in more detail for readers the current situation of the major economies, including:

• Price growth and the direction of inflation in the two leading economies: US and China.

• The public debt issues that these powerhouses are facing. 

The consequences of the problems that these “giants” are facing remain an unknown. However, will the final consequences create a new landscape for the global economic map? Viet Hustler will present its hypothesis in the conclusion section of the article below.

US inflation rose slightly again in July/2023