Jasper, an Early Generative AI Winner, Cuts Internal Valuation as Growth SlowsRead more

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asia economy covid-19

China’s Second-Quarter GDP Slows Sharply on Covid Restrictions

By
Juro Osawa
· · Source: Reuters

China’s gross domestic product for the quarter through June grew only 0.4% from a year earlier, as Shanghai’s lockdown and other Covid-19 restrictions dealt a serious blow to the world’s second-largest economy, Reuters and other news outlets reported. The figure, weaker than analysts’ forecast for a 1% increase according to Reuters, marks a dramatic slowdown from the previous quarter, when GDP...

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