China’s Economic Rebound Reshapes Emerging Markets ...Middle East

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China’s Economic Rebound Reshapes Emerging Markets
source : OILPRICE ( Middle East ) () 39
After three years of rolling Covid-19 lockdowns and trade disruptions, China posted faster-than-expected GDP growth in the first quarter of 2023, at 4.5% year-on-year (y-o-y), but the uneven nature of its recovery is sending mixed signals for emerging markets. The strong performance, which exceeded the expectations of many analysts, was powered by 5.4% expansion in the services sector, including a 10.6% spike in retail sales in March, as pent-up demand and high domestic savings drove market activity. Recovery has not been even across all sectors,…

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