A significant rebound in domestic travel over the recent Golden Week holiday is fuelling optimism that Chinse consumers are starting to spend again after the pandemic-induced slump. Photo: Bloomberg A significant rebound in domestic travel over the recent Golden Week holiday is fuelling optimism that Chinse consumers are starting to spend again after the pandemic-induced slump. Photo: Bloomberg
A significant rebound in domestic travel over the recent Golden Week holiday is fuelling optimism that Chinse consumers are starting to spend again after the pandemic-induced slump. Photo: Bloomberg

China leads way as IMF says global economic recession ‘less severe’ than previously thought

  • Prospects for China are much stronger than for most other emerging markets and developing economies, with its economy projected to grow by about 10 per cent over 2020 to 2021
  • Global economy’s road to recovery remains prone to ‘long, uneven and uncertain’ setbacks, International Monetary Fund cautions

Topic |   International Monetary Fund (IMF)
A significant rebound in domestic travel over the recent Golden Week holiday is fuelling optimism that Chinse consumers are starting to spend again after the pandemic-induced slump. Photo: Bloomberg A significant rebound in domestic travel over the recent Golden Week holiday is fuelling optimism that Chinse consumers are starting to spend again after the pandemic-induced slump. Photo: Bloomberg
A significant rebound in domestic travel over the recent Golden Week holiday is fuelling optimism that Chinse consumers are starting to spend again after the pandemic-induced slump. Photo: Bloomberg
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