How soon will economies recover from the coronavirus pandemic? Look to China for answers

How will the Covid-19 pandemic affect the world’s economies? Given that China was the first country to impose stringent lockdown measures, and also the first to lift them, an examination of China’s data could help us understand the impact of the coronavirus if one takes a sectoral approach. After all, the service sector seems to be hit harder and for longer. Unfortunately, the sector is in for a slow and fragile recovery. First, let’s take a look at China’s first-quarter gross domestic…

from South China Morning Post https://bit.ly/2L6fGjo