Current Events > China's First-Quarter GDP Plunges 6.8%

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SK8T3R215 04/16/20 10:33:27 PM #1:	Chinas economy plummeted 6.8% in the first three months of the year compared with a year earlier, the countrys first such drop since Beijing began reporting quarterly gross domestic product in 1992. The sharp contraction in the worlds second-largest economy offers a foreshadowing of the pain expected in the U.S. and around the world as the coronavirus pandemic shuts borders, halts business activity and cripples global supply chains. Chinas 6.8% year-over-year pullback follows a 6% gain in the last three months of 2019 but is better than the 8.3% decline predicted by the median forecast of 15 economists polled by The Wall Street Journal. Compared with the fourth quarter of 2019, Chinas GDP contracted by 9.8%. https://www.wsj.com/articles/china-set-to-report-plunge-in-first-quarter-gdp-11587086697 --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:937546294] in China'... [t:78592242]...</cite> <quote>Chinas economy plummeted 6.8% in the first three months of the year compared with a year earlier, the countrys first such drop since Beijing began reporting quarterly gross domestic product in 1992. The sharp contraction in the worlds second-largest economy offers a foreshadowing of the pain expected in the U.S. and around the world as the coronavirus pandemic shuts borders, halts business activity and cripples global supply chains. Chinas 6.8% year-over-year pullback follows a 6% gain in the last three months of 2019 but is better than the 8.3% decline predicted by the median forecast of 15 economists polled by The Wall Street Journal. Compared with the fourth quarter of 2019, Chinas GDP contracted by 9.8%. https://www.wsj.com/articles/china-set-to-report-plunge-in-first-quarter-gdp-11587086697 </quote> ... Copied to Clipboard!
Squall28 04/16/20 10:36:58 PM #2:	How bad is that supposed to be? Losing about the 3 months of gains they had in 2019 doesn't sound too terrible all things considered. --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:937546464] in China'... [t:78592242]...</cite> <quote>How bad is that supposed to be? Losing about the 3 months of gains they had in 2019 doesn't sound too terrible all things considered. </quote> ... Copied to Clipboard!
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