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The Chinese economy is likely to return to recovery and record modest growth in Q2 after the contraction with the end of lockdown and the announcement of more stimulus, according to a Reuters poll.
China is expected to post 2.5% growth in April-June compared to last year, posting a 6.8% decline in Q1, the first contraction since 1992.
GDP is expected to grow by 9.6% in April and June, compared to a decrease of 9.8% in the previous year.
The government has rolled out a raft of measures, including more fiscal spending, tax relief and cuts in lending rates and banks’ reserve requirements to revive the virus-hit economy and support employment.
The International Monetary Fund (IMF) has forecast an expansion of 1.0% for China for the full year, the only major economy expected to report growth in 2020
