News Snapshot:
China is projected to be the only major country in the world to experience positive economic growth this year. The economic forecast makes China a notable outlier in a global economy ravaged by the ongoing COVID-19 pandemic. The International Monetary Fund (IMF) concluded in an October report that China’s economy would expand by 1.9% in 2020. Global economic output is expected to shrink 4.4% this year with advanced economies facing the largest percent drop in real GDP. The American economy is projected to decline 4.3% while the Euro Area faces a steep 8.3% contraction. Economists are largely optimistic about a...
