China: A Gradual Recovery Underway

Pine Bridge
By April 8, 2020 12:45

China: A Gradual Recovery Underway

Going into 2020, we expected China’s economy to modestly decelerate from the 6.1% pace of growth in 2019, but to cyclically improve as headwinds from the US-China trade war subsided. The coronavirus outbreak presented a signicant exogenous shock to China’s economy, yet we are seeing some signs of a tentative recovery forming. As the rst country to report a coronavirus outbreak, China implemented a strict lockdown period to contain the spread of the virus, severely limiting economic activity. Those efforts appear to have achieved some degree of success. The daily case count in China has slowed from the thousands in February to less than 100 by the end of March. 

Pine Bridge
By April 8, 2020 12:45

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