Published on Tuesday, July 14, 2020

China | A Genuine V-Shaped Recovery?

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.

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