WASHINGTON (Reuters) - New federal guidelines to jumpstart the U.S. economy from its coronavirus shutdown recommend that states have a 14-day “downward trajectory” in coronavirus cases before beginning a three-phase process of re-opening, according to a White House document.
BEIJING (Reuters) - China’s industrial output fell a less steeper-than-expected 1.1% in March from a year earlier, data from the National Bureau of Statistics showed on Friday, as the coronavirus crisis and strict containment measures severely disrupted the world’s second-largest economy.
SINGAPORE (Reuters) - The dollar fell on Friday as a news report on signs of success in a COVID-19 treatment drug trial as well as early plans to re-open the U.S. economy drove fresh optimism and risk appetite.
BEIJING (Reuters) - China’s economic performance in the second quarter of this year is expected to be much better than in the first, the National Bureau of Statistics said on Friday.
BEIJING (Reuters) - China’s coronavirus crisis is expected to have tipped its economy into its first decline since at least 1992, data is set to show on Friday, raising pressure on authorities to prop up growth as mounting job losses threaten social stability.
BEIJING—China’s economy plummeted 6.8% in the first three months of the year compared with a year earlier, the country’s first such drop since Beijing began reporting quarterly gross domestic product in 1992.