China’s economy should return to ‘near-trend growth’ by end of 2020: BlackRock

by Mary Margaret

As the epicenter of the coronavirus outbreak, China was the first country to feel the full economic impact of a contagion that has since become a worldwide pandemic. Now, as China gradually reopens its economy, it’s beginning its journey on the long road back to pre-pandemic conditions—a recovery that may happen quicker than some expected.

The Chinese economy could return to “near-trend growth” as soon as late 2020, economic strategists at BlackRock said in a research note this week. They pointed to economic policy actions taken by the Chinese government, such as fiscal stimulus measures, as underpinning the asset management giant’s “overweight” outlook for Asian equities and credit markets outside Japan.

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