China's economy shrinks and requires a bigger stimulus
Published on Monday, April 20, 2020
China's economy shrinks and requires a bigger stimulus
Summary
The Chinese government has announced that its GDP has fallen by 6.8% YoY in the first quarter of 2020. The reduction is slightly more than expected and is a result of the unprecedented economic turbulence caused by the COVID-19 outbreak in the country.
Key points
- Key points:
- The rapid recovery of industrial production suggests that the negative impact of the COVID-19 outbreak on supply chains could be temporary.
- Several production activities came to a halt in February due to isolation measures; these activities are now quickly recovering as the population returns to work.
Topics
- Topic Tags
- Regional Analysis China
Authors
Le Xia
BBVA Research - Chief Economist
Documents and files
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Press article (PDF)
Le_Xia_La_economia_china_cae_y_requiere_mayores_estimulos_ElPais_WB-edi.pdf
Spanish - April 20, 2020