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China's economy, he acknowledged, is "close to overheating".
But the practical impact is far from certain as China's bureaucracy struggles to manage soaring energy demand, rampant pollution, rising inflation and an economy that some analysts say is perilously close to overheating.
The company that operates Fukushima Daiichi, the Tokyo Electric Power Company, said the plant had not been in danger because the fuel rods were never close to overheating, a state that could have led to a new, catastrophic release of radioactive materials.
But its not all bad for the economy: A firmer greenback makes exports cheaper, and thats helping to suppress inflation at a time when the economy looks dangerously close to overheating.
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These impressive expansions survived the recent downturn; while developed economies struggle to find their footing, China, India, and Brazil are closer to overheating.What may come as a surprise to many readers is that Africa has increasingly shared in this growth.
THE economy is "closer to overheating than it has been in a long time", said Eddie George, governor of the Bank of England, on June 16th, after it was announced that the all-items inflation rate had hit 4.2%, its highest level since 1992, and the underlying rate (ie, excluding mortgage-interest payments) had drifted further from its 2.5% target, reaching 3.2% in May (see chart).
Their position is reasonable but interesting, given that the Indian economy will grow nearly 9% this year while Brazilian output may expand at close to 7%; overheating is more of a concern than a demand shortfall.
But they have also proved to be prone to overheating.
Let me suggest three factors that can contribute to overheating.
The initial Japanese response to overheating fuel was cautious.
AstroTurf is also subject to overheating.
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CEO of Professional Science Editing for Scientists @ prosciediting.com