However, recovery from the deepest recession since the Great Depression of the 1930s is far from complete. Thursday’s Commerce Department estimate of third-quarter growth recovered only about two-thirds of the production that was lost earlier this year when the economy essentially froze when safety orders forced restaurants, bars, and many …
Read More »Impact of the coronavirus on the global economy Data from the IMF shows that the virus will drive China’s GDP growth well beyond the US.
China’s production is expected to exceed 2019 levels this year The Covid-19 pandemic will produce lasting changes in global growth, pushing China even further to the forefront. The share of global growth coming from China is expected to rise from 26.8% in 2021 to 27.7% in 2025, according to Bloomberg …
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