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China: S&P Lowers Projected Growth to 5 Percent Due to Coronavirus
February 10th, 2020 - 08:36 GMT

China: S&P Lowers Projected Growth to 5 Percent Due to Coronavirus

The coronavirus outbreak is expected to “inflict a large, temporary blow” to China’s economy, S&P Global Ratings said in a report, forecasting that growth in the world’s second largest economy will decline to 5 percent in 2020 from a previously projected 5.7%. China’s economy, however, is expected to make up the lost ground in 2021, the report’s authors said, rebounding to a 6.4% growth rate in 2021. “Most of the ...
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