News The stock exchange day on Friday, February 21, 2020

The stock exchange day on Friday, February 21, 2020


(Photo: picture alliance / dpa)

Warning in Beijing: The Chinese government expects because of the Coronavirus epidemic a slump in the foreign trade in the first two months of the year. “We expect import and export growth to slow sharply in January and February,” said Li Xingqian, director of the Department of Commerce’s foreign trade department.

Exports contribute about a fifth to the world champion’s gross domestic product (GDP). Numerous factories are standing still to curb the epidemic. Others have difficulty restarting production due to a lack of labor and raw materials after the forced break. The government therefore wants to help companies.

The GDP the second largest economy in the US is expected to grow much more slowly in the first quarter, according to economists’ forecasts. They anticipate that the plus could halve to 3 percent after growing by 6 percent in late 2019.



Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

Maha Vajiralongkorn: criticism of Switzerland after photographer arrested –

Maha Vajiralongkorn: Criticism of Switzerland after photographer arrest Nau.chReporters arrested 20 minutes on arrival of King in ZurichDid Zurich...

Austrian researchers rely on intestinal bacteria – health

Intestinal bacteria may be useful to us in the fight against the coronavirus. All over the world, there...

Must read

You might also likeRELATED
Recommended to you