China influences the world’s economy

13.07.2021

The sharp recovery of the Chinese economy after the pandemic has slowed, and this can be considered as a dangerous signal to the rest of the world. According to estimates of economists surveyed by the agency, in the second quarter, the growth rate fell to eight percent, compared with 13.8 in the first quarter.

The fact that the speed of economic recovery will have to fall was assumed earlier, but experts say that this happened earlier than expected. Other countries may now face a similar problem.

“There is no doubt that the influence of the slowdown in China on the global economy will be greater than it was five years ago. China was the first country to face the coronavirus epidemic and is becoming the first to overcome it. So, given this specific status of the country, the market can expect that if the Chinese economy slows down, others will follow,” Rob Subbaraman, head of international markets research at Nomura Holdings, said.