Economics
What to Watch in China GDP Data as Economic Rebound Strengthens
- Economy expected to have repaired the damage from 1Q
- Strength of consumer spending a key metric for sustainability
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China is the only large nation that is expected to grow this year, with booming export demand driving an industrial rebound and the nation’s control of the Covid-19 outbreak allowing it to also reopen the domestic economy.
Data for the third-quarter due next week are predicted to show gross domestic product regaining all the ground lost in the first half of the year, according to a Bloomberg survey. Industrial output is forecast to continue its V-shaped recovery and retail sales are set to continue growing, although they’re still well below the level in 2019.