Coronavirus Dampens China’s First-Quarter GDP
Yifei Lyu and
Jun Nie
Economic Bulletin, 2020, issue April 6, 2020, 5
Abstract:
The novel coronavirus spread in China long before other countries, making China a potential early signal of the virus’s economic effects. Using a range of statistical models, we estimate that the coronavirus outbreak may have reduced China’s real GDP by an annualized rate of 32 percent, leading year-over-year growth to decline from 6 percent in 2019:Q4 to −3.8 percent in 2020:Q1.
Keywords: Coronavirus; COVID-19; Pandemic; China (search for similar items in EconPapers)
Date: 2020
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