Media: US reaps benefits from war economy, Dollar hegemony

China Daily wrote that the US economy is growing due to the military industrial complex support and abuse of the Dollar’s dominant position in the global financial system, TASS reports

photo: www.reuters.com

The International Monetary Fund (IMF) predicted in October that the US economy will grow 2.8 percent in 2024, while the growth in the Euro zone will stay at 0.8 percent, in Japan – at 0.3 percent. The reason, according to the paper, is that ‘the United States has gained tremendously from the ongoing geopolitical tensions, to the cost of other parties’.

“The US has provided Ukraine with about $100 billion in various types of aid over the past two years, but most of the funds, about 90 percent, has been spent stoking the US defence industry, creating thousands of jobs in at least 38 states,” China Daily stated.