China | A Genuine V-Shaped Recovery?

Summary

The Asian giant's effectiveness in containing COVID-19 infections has borne fruit and economic activity began regaining strength during the second quarter, partly owing to the fiscal and monetary stimuli implemented by the authorities.

Key points

• Key points:
• GDP fell 6.8% in the first quarter, having grown at a rate of 6% in the final quarter of 2019.
• The recovery can be attributed to the surge in supply brought about by the return of workers to factories following the lockdown.
• However, demand has not recovered so strongly and is dependent on the global cycle.
• Growth in 2020 could reach 2.2%, above the 1% forecast by the IMF.

Geographies

Topics

Tags