Economics
IMF Data Shows Virus Will Push China GDP Growth Well Beyond U.S.
- Fund estimates China will grow by 8.2% next year from 1.9%
- $28 trillion cumulative global loss in output projected
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The Covid-19 pandemic will produce lasting shifts to global growth, pushing China even more to the forefront.
The proportion of worldwide growth coming from China is expected to increase from 26.8% in 2021 to 27.7% in 2025, according to Bloomberg calculations using International Monetary Fund data.