A European economic research report expects China to be the only major economy to report positive growth in 2020,
The Global economy may contract for 4.4%,
signaling a steady recovery for the world’s second-largest economy in the post-pandemic era.
Among the world’s major economies,
China is looking for a 2.3% growth 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.
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