China's the only major economy growing this year - That's not enough

China's the only major economy growing this year - That's not enough

From channelnewsasia.com

China continued economic recovery from COVID-19 in the third quarter of 2020 with year-on-year growth of 4.9 per cent. Though the headline number fell short of expectations, the broadening of growth on both the demand and supply sides bodes well for the rest of the year. The consensus forecast for growth this year is now 2.2 per cent and China remains the only major economy for which GDP is expected to grow.Investment and net exports led China’s recovery in demand but, as noted by a Deutsche Bank analysis, increasing migrant worker employment numbers and household income suggest consumption will gain strength in ... (full story)

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