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China GDP: first major economy to show a recovery from coronavirus damage with 3.2 per cent growth in second quarter

Summary:
[unable to retrieve full-text content]China avoided a recession after its economy grew by 3.2 per cent in the second quarter of 2020, the first major economy to show a recovery from the damage caused by the coronavirus pandemic.The world’s second largest economy had shrank by 6.8 per cent in the first three months of the year, the first contraction since the end of the Cultural Revolution in 1976.The median forecast of analysts polled by Bloomberg had predicted a gross domestic product (GDP) growth rate of 2.4 per cent in the…

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[unable to retrieve full-text content]
China avoided a recession after its economy grew by 3.2 per cent in the second quarter of 2020, the first major economy to show a recovery from the damage caused by the coronavirus pandemic.The world’s second largest economy had shrank by 6.8 per cent in the first three months of the year, the first contraction since the end of the Cultural Revolution in 1976.The median forecast of analysts polled by Bloomberg had predicted a gross domestic product (GDP) growth rate of 2.4 per cent in the…

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