China’s economy to rebound in Q2, hopes IMF official
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The Chinese economy, which took popular in the first quarter after the coronavirus outbreak, is likely to visit a recovery in the next quarter, a global Monetary Fund (IMF) official has said.
"News of the widespread re-opening of organizations and the return of employees to work give us hope that we will see a recovery in Q2," Kenneth Kang, deputy director of Asia and Pacific Department at the IMF, told Xinhua in a recently available written interview.
Amid COVID-19 impact, China's gross domestic product (GDP) in the first quarter shrank 6.8 percent year on year, according to data released Friday by China's National Bureau of Statistics.
China is one of the few major economies that could see economic expansion this year, according to the IMF's recently released World Economic Outlook report, which projected global economy to decline by 3 percent in 2020.
Source: https://www.daily-sun.com
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