Economics
Where to Look in China’s Data Dump for Any Signs of a Rebound
- Unemployment rate expected to move higher before declining
- Demand remains weak as output recovers from virus hit
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China’s economy is on track for its worst performance this year since the 1970s due to the coronavirus shutdowns, though data for the first quarter should be watched closely for signs of how quickly it can bounce back.
The median estimate of economists surveyed by Bloomberg sees gross domestic product contracting 6% in the three months to March, though forecasts range from -16% to growth of 3.6%.