Due to the new outbreak of coronavirus, China’s economic growth will not exceed 2%, while American will grow by 2.8%.
U.S. economic growth this year may be higher than China’s economic growth for the first time since 1976, Bloomberg wrote.
function news4477133() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4477133&lang=2&IsAjax=true’, function (data) { $(‘#nk4477133’).html(data); });
}
news4477133();
The cause of China’s economic slowdown is called the new coronavirus outbreak.
According to the publication, this year China’s economy will grow by only 2%, while US GDP will grow by 2.8%.
It was noticed that after the reform and opening campaign in the late 1970s, China showed a higher growth rate. Growth of 2% will be the weakest in China since 1976, lower than in 2020, when the pandemic pushed GDP growth down to 2.2%.
Meanwhile, U.S. President Joe Biden’s approval rating fell to the lowest point of his presidency in May, with only 39% of American adults approving of his work.
News from Athletistic in the Telegram. Subscribe to our channel Athletistic
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.