Moving ahead: A robotic arm moves pieces of fabric on a garment production line in Hangzhou. Confirming that the gross domestic product growth of China is projected at 1.9% in 2020 and 8.2% in 2021, the IMF has highlighted the role of China in helping overcome “several of the major challenges” facing the global economy. — Bloomberg
WASHINGTON: With its rapid return to growth, China could lend an impetus to the world’s economic recovery by expanding vaccine access, providing debt relief and sustaining global infrastructure investment, the International Monetary Fund (IMF) said Wednesday.
Confirming that the gross domestic product (GDP) growth of the world’s second-largest economy is projected at 1.9% in 2020 and 8.2% in 2021, the IMF, as it predicted last month, highlighted the role of China in helping overcome “several of the major challenges” facing the global economy, which it forecast to contract by 4.4% this year.
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