News Snapshot:
A European economic research report expects China to be the only major economy to report positive growth in 2020, while the global economy is predicted to contract by 4.4 percent, signaling a steady recovery for the world’s second-largest economy in the post-pandemic era. Among the world’s major economies, only China is expected to achieve a positive growth of 2.3 percent this year, while the economies of the US and EU are expected to shrink by 6.5 percent and 8.4 percent, respectively, according to a research report released by Germany’s Ifo Institute and the EconPol Europe research network on Wednesday. The...
