US economic growth to outrun China for 1st time in decades – media ...News

Beijing’s economy is lagging behind due to lingering Covid-19 outbreaks US economic growth is set to outpace China this year for the first time since 1976, Bloomberg reported on Friday, citing economists. According to the publication, the lingering effects of the Covid-19 pandemic and recurring outbreaks throughout the country mean that its economic growth will stall, despite Beijing’s fiscal, monetary and regulatory stimulus measures. Analysts polled by the news outlet predict that the globe’s largest economy will grow by only 2% this year, far lower than China’s official growth target of “around 5.5%” for 2022.

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