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Re: bananarama post# 185072

Tuesday, 03/17/2020 9:35:13 AM

Tuesday, March 17, 2020 9:35:13 AM

Post# of 293266
<< I am reading about how China has turned the corner. Plants are opening, and their economy is beginning to stabilize again. >>

...economists are warning that a global recession is no longer a looming threat. It's here.

Dire economic data released by China on Monday showed that the country was pummeled by the coronavirus outbreak in January and February. The world's second biggest economy looks unlikely to recover any time soon.

Chinese economy slammed: In China, retail sales plunged 20.5% during January and February compared to 2019, industrial output was down 13.5%, and fixed asset investment fell by nearly 25%, according to the National Bureau of Statistics. The decline in industrial production was the sharpest contraction on record.

https://www.cnn.com/2020/03/16/economy/global-recession-coronavirus/index.html

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