With Chinese State Councilor and Foreign Minister Wang Yi finishing his state visit to Zimbabwe, CGTN's Farai Mwakutuya looks at Chinese and Zimbabwean relations and what the future may hold.
How has Zimbabwe's relationship with China impacted its citizens? During State Councilor and Foreign Minister Wang Yi's visit to the country, CGTN's Farai Mwakutuya sampled opinions on the partnership, especially when it comes to jobs and employment. China's State Councilor and Foreign Minister Wang Yi kicks off 2020 with a five-nation tour of the African continent and CGTN's Yasser Hakim explain it from Cairo. As Zimbabwe's healthcare system collapses with the economy and medical worker strikes, some women are being forced to rely on midwives and give birth in unsanitary conditions, which experts say this exposes the mother and child to infections. Columbus Mavhunga reports from Harare. The yield curve was once just a wonky graph for academics and policymakers. But in recent years it has become a way to forecast looming recessions. The curve has helped predict every recession over the past 50 years. That means the curve accurately predicted even largely unforeseen downturns like the dot-com bubble of 2001 and the Great Recession in 2007.
As a result, news of yield curve inversions can now send markets tumbling. Policymakers keep a close eye on even small changes in the curve's composition.
So how did this simple graph showing U.S. Treasury bond interest rates grow into one of the most reliable recession indicators we have? And what does a yield curve inversion really mean?