The Chinese Economy Sees a Historic Shift #infographic

The Chinese Economy Sees a Historic Shift #infographic

The country saw a 6.8 per cent fall in its GDP for the first quarter of 2020, according to China's National Statistics Bureau. This is traditionally the first downturn in the economy that China has witnessed since it started publishing the numbers in 1992.

Of course, these findings were expected and it is only one of many that we will see as an after-effect of the novel coronavirus in the coming months.

The COVID-19 was first detected in China's Wuhan city and the country grappled with an unprecedented number of cases per day within a span of a month. China placed a strict lockdown on the entire country as a protective measure and to stop the spread of the virus – bringing its economy to a screeching halt.

Nevertheless, China's nation is slowly coming back to life after suffering one of the worst hits from the coronavirus pandemic-and resuming economic operations.

Yet the same can not be said for other nations, Europe and America in particular, where shutdowns started in March. In reality, in the second quarter of 2020, we should expect bleak results from those countries along with the rest of the world.

The Chinese Economy Sees a Historic Shift #infographic

infographic by: www.statista.com

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