IMF: China’s recovery could be very fast – Gita Gopinath

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As reported by Reuters, China could see a strong recovery in economic growth starting in the second quarter, based on current contagion trends after the dismantling of most COVID-19 restrictions.Gita Gopinath, IMF Deputy Managing Director, said on Wednesday.

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We expect growth in China to return, to rebound“Gopinath told Reuters in an interview at the World Economic Forum in Davos.

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Looking at infection trends, and if they persist, we could see a very rapid recovery starting after the first quarter of this year.“, he has said of a current increase in infections seen as an “exit wave” linked to the economic reopening.

Gopinath has claimed that a growth rate “in the neighborhood of 4% or more” would likely mean that any global inflationary pressure would be offset by slowing demand elsewhere.

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But if growth in China is much higher, which is a possibility, we could see another spike in oil or energy prices.“, he stated.

Source: Fx Street

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