China S Economy Shrinks Sharply In Second Quarter Global Risks Darken Outlook
Sign up now for FREE unlimited access to Reuters.com Register China’s economy sinks in Q2, with year-on-year growth also slowing significantly Widespread COVID lockdowns hit industrial activity, demand June shows a recovery in activity, but global risks darken the outlook New outbreaks of coronavirus, war in Ukraine, global interest rate hikes, pressure on the pile Analysts expect full-year GDP growth to lag the government’s target of 5.5% BEIJING, July 15 (Reuters) – China’s economy shrank sharply in the second quarter, underscoring the colossal toll on activity from extended COVID lockdowns and pointing to persistent pressure in coming months from a gloomy global growth outlook....