Archive for July 15th, 2022

New Overnight Developments Abroad - Daily Update

Spotlight on China Where GDP Contracted by Greater-than-Forecast 2.6% Last Quarter

July 15, 2022

Unlike any other country, China’s government treats Covid with no mercy, and so when the highly contagious subvariant emerged in March, officials resorted to aggressive lockdown tactics to stamp it out, regardless of economic cost. The 2.6% quarter-on-quarter slide was about a percentage point more than expected and the most since 10.5% plunge in the […] More