the impact of coronavirus on gdp and gdp per capita in china

Expert Solution

Projected worst impact on China's GDP growth by COVID-19 outbreak,
As the novel coronavirus COVID-19 spreads from China to over 200 countries across the world, the country's economic growth could hit its lowest point since 1990. According to the worst-case scenario projected by over 40 economists, China's GDP growth could fall as low as to five percent in 2020. In the first quarter of 2020, the second-largest economy recorded the first contraction in decades due to the epidemic.
GDP per capita in China is expected to reach 8730.00 USD by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the China GDP per capita is projected to trend around 9200.00 USD in 2021, according to our econometric models.

Rahul Sunny answered 2 years ago

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