China’s GDP slowed sharply to 0.4% (YoY) in Q2 following lockdowns and global inflation
July 21, 2022
China’s GDP declined sharply in Q2 to 0.4% (YoY). Apart from the first quarter of 2020 during the initial covid outbreak, this quarter registered the slowest growth since the data series first started in 1992. The decline can primarily be attributed to the aftermaths of widespread lockdowns imposed under March and April.