Rising unemployment, sluggish GDP: China’s post-pandemic recovery falters ...Middle East

What Happened: Lackluster official economic data out of China raises concerns that the country is on the cusp of a disinflationary period, dashing hopes that pent-up demand from the lifting of Covid-19 restrictions would boost the national and global economies. China’s gross domestic product rose a meager 0.8 percent in Q2 2023 quarter on quarter, and the country’s consumer price index was flat last month year on year. Factory-gate prices declined by 5.4 percent in June, the quickest dip since 2015, reports CNBC, caused in part by falling raw material prices. The weaker-than-expected data indicates demand for goods and services is weak and points to lower-than-expected growth in the near fu

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Rising unemployment, sluggish GDP: China’s post-pandemic recovery falters ...Middle East

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