The economic crisis caused by the Covid-19 pandemic is so violent and differs from previous recessions so much that experts are hard pressed to publish precise forecasts. The World Bank has nevertheless worked there for China, proposing, rather than a single figure, a privileged scenario and a more pessimistic scenario.
According to the report on the Asia-Pacific region published on Tuesday, the second world power could see its GDP growth limited to 2.3% over the whole of 2020, or even, in the darker scenario, be almost zero, at 0.1%. While terrifying recessions are being announced everywhere, this continued increase in China's GDP thwarts common sense. We must first compare these figures (2.3% and 0.1%) with the 6.1% growth estimated for the Middle Kingdom in 2019. A brutal slowdown is well and truly announced.
Read also: China locks its borders to prevent a second wave of contamination
Another element of comparison: during the economic and financial crisis of 2008-2009, China had
This article is for subscribers only. You still have 78% to discover.
Subscribe: € 1 for 2 months
cancellable at any time
Enter your emailAlready subscribed? Log in
