The gross domestic product (GDP) data, as well as key June indicators, will be closely scrutinized around the world as many countries continue to grapple with the COVID-19 pandemic. To much surprise, even China has begun to restart its economy as they appear to be containing the outbreak.
GDP rose 3.2% in the second-quarter from a year earlier, the National Bureau of Statistics said on Thursday, faster than the 2.5% forecast by analysts in a Reuters poll, as lockdown measures ended and policymakers ramped up stimulus to combat the pandemic-led downturn. The bounce was still the weakest expansion on record, and followed a steep 6.8% slump in the first quarter, the first such contraction since at least 1992 when quarterly gross domestic product (GDP) records began.
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