NAB’s Wellbeing Index rebounded solidly in the June quarter, after falling to its lowest point in the history of the survey. Pressures remain. But the effort required has eased.
Report
June 4, 2020
China Economic Update: June 2020
Modest Chinese stimulus highlights competing policy objectives.
Since March, Chinese authorities have eased COVID-19 countermeasures and attempted to return to normal economic activity. So far, progress has been slow, with high frequency measures suggesting a plateauing in the industrial recovery from early April and ongoing softness in services. While the majority of the country’s firms are back in business, only a small proportion are fully operational, given weakness in domestic demand and a constrained export environment. As a result, China will implement stimulus to support the rebound, however it is likely to look different to earlier episodes.
For further details, please see the China Economic Update – June 2020
