the Chinese economy in the first three months of this year dipped by 6.8% yoy against the background of a pandemic of a new type of coronavirus. This is stated in the report of the State statistical Bureau of China published on Friday.
“According to preliminary estimates, China’s GDP growth in annual terms in the first quarter of 2020 amounted to 20,650 trillion yuan, a decrease of 6.8% compared to the same period last year”, – stated in the document.
China’s GDP has shown negative growth for the first time since 1992, when they began to produce statistics.
the Indicator has appeared worse forecasts of the analysts expecting fall on 6,5%.
As he wrote a day earlier, the newspaper “Izvestia” with reference to the report of the National rating Agency, the Russian economy against the background of the pandemic coronavirus can lose about 17.9 trillion, with almost 15.5 million people can be unclaimed in the labor market. The reduction of taxes and fees, experts estimated at 4.2 trillion rubles.
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