China’s economic activity rose from a trough of around 20 percent of normal levels in February 2020 to 90 percent in the span of just three months, ECB analysts said in the article, citing both traditional data and non-conventional high-frequency economic indicators.
FRANKFURT: The Chinese economy made a relatively swift recovery after bottoming out in the first quarter of the year due to the Covid-19 pandemic, according to an article published by the European Central Bank (ECB) on Monday.
China’s economic activity rose from a trough of around 20 percent of normal levels in February 2020 to 90 percent in the span of just three months, ECB analysts said in the article, citing both traditional data and non-conventional high-frequency economic indicators.
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