Panic to contain the spread of the coronavirus may soon be of no match to the panic to wrestle against an impending global recession. And the dread is not without basis. China, the world's second largest economy(after the US)and touted as the world's factory has slowed its economic activities as it strictly contained the virus;and the aftermath is rather sombre, according to some analysts. IHS Markit, in a recent report, forecasts China's growth to post a measly 2% in 2020, following a near double-digit decline in economic activity in the first quarter of the year. Though it is expected to rebound in 2021, as the country slowly recuperates from the onslaught of the virus, the impact of its earlier dilemma on its trade spat with the US, the world's largest economy and China's largest trading partner, will trail behind.
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