#Newspaper
China’s Second-Quarter Rebound Already Losing Steam, Data Show
//China had historic contraction in first quarter due to virus
//While March data showed a pickup from the slump in the first two months of the year, the earliest indicators for this month show domestic demand as still very weak and companies remaining cautious
//The global shutdown has caused clients and orders to disappear, according to a survey of sales managers by World Economics
//The central bank and government have stepped up support for financial markets in the past month...but the stock market has lost momentum
//Recovery from depends on domestic and global demand rebounding
Full Article: Bloomberg News (25-Apr)
#coronavirus #globalshutdown #recessioninchina #firstquarter #ecomony
China’s Second-Quarter Rebound Already Losing Steam, Data Show
//China had historic contraction in first quarter due to virus
//While March data showed a pickup from the slump in the first two months of the year, the earliest indicators for this month show domestic demand as still very weak and companies remaining cautious
//The global shutdown has caused clients and orders to disappear, according to a survey of sales managers by World Economics
//The central bank and government have stepped up support for financial markets in the past month...but the stock market has lost momentum
//Recovery from depends on domestic and global demand rebounding
Full Article: Bloomberg News (25-Apr)
#coronavirus #globalshutdown #recessioninchina #firstquarter #ecomony
Bloomberg.com
China’s Second-Quarter Rebound Already Losing Steam, Data Show
China’s nascent rebound from the historic contraction in the first quarter is already losing pace in April, amid signs of a global recession and still weak domestic demand.