Chinese economy clobbered by coronavirus......>

CHINA: Chinese economy clobbered by coronavirus but set to recover soon -

Reuters poll

- The coronavirus-hit Chinese economy will grow at its slowest rate since the

financial crisis in the current quarter, according to a Reuters poll of

economists who said the downturn will be short-lived if the outbreak is

contained. A Feb. 7-13 Reuters poll of 40 economists based in mainland China,

Hong Kong, Singapore, as well as Europe and the United States, predicted China's

annual economic growth in the first quarter of 2020 to slump to 4.5% from 6.0%

in the previous quarter. That drop was expected to drag down the full-year

growth rate in 2020 to 5.5% from 6.1% in 2019, its weakest since at least 1990

when comparable records began. However, economists were optimistic the economy

would bounce back as soon as the second quarter, with growth then forecast to

recover to a median 5.7%, according to the poll. That figure was pushed higher

by several optimistic forecasts from economists based in mainland China. The

range was 2.9%-6.5%.

- Link: https://tinyurl.com/tadobe9