V-Shaped Recovery: Quarter and Trend Growth

v-shaped recovery: Economists surveyed by Bloomberg had predicted 6.2% growth for the quarter and 2.1% for the full year. ; China has more than returned to trend growth, said Raymond Yeung, chief economist for Greater China at Australia and New Zealand Banking Group, according to The Japan Times. The strong rebound means authorities can prioritize structural reforms rather than economic reflation in 2021, he said. Gross domestic product climbed 6.5% in the final quarter from a year earlier, fueled by industrial output, the statistics bureau said Monday. The V-shaped recovery was based on successful control of COVID-19 cases and fiscal and monetary stimulus which boosted investment in real estate and infrastructure. The quarter really seems to have shown the economy ended the year on a strong note, manufacturing is doing well, Cui Li, head of macro research at CCB International Holdings Ltd. in Hong Kong said in an interview. Growth was further spurred by overseas consumer demand for medical equipment and work-from-home devices, with exports expanding 3.6% in 2020 compared to the previous year. (news.financializer.com). As reported in the news.