China’s economy will grow 1 per cent in 2020, better than other major economies like the United States and the European Union, the IMF says. Photo: AP
China’s economy will grow 1 per cent in 2020, better than other major economies like the United States and the European Union, the IMF says. Photo: AP
China economy
Economy /  Global Economy

China to buck global economic downturn in 2020 as coronavirus continues to drive down activity, says IMF

  • The IMF’s World Economic Outlook Update says China’s economy will grow 1 per cent this year and 8.2 per cent in 2021
  • Global economic output is forecast to fall 4.9 per cent, 1.9 percentage points below the estimate in April

Cissy Zhou
Cissy Zhou

Updated: 11:50pm, 24 Jun, 2020

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China’s economy will grow 1 per cent in 2020, better than other major economies like the United States and the European Union, the IMF says. Photo: AP
China’s economy will grow 1 per cent in 2020, better than other major economies like the United States and the European Union, the IMF says. Photo: AP
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