Good News From China

China's economy is growing again after its worst three-month period in decades – a sign that could bode well for the global post-coronavirus recovery. 

The world's second-largest economy grew 3.2% in the April-to-June period compared to a year ago, according to figures from the National Bureau of Statistics that are released on Thursday. That's better than the 2.5% growth that analysts polled by Refinitiv were expecting.

It means that China averted recession. In the first quarter, the $14 trillion economy shrank 6.8%, the worst plunge for a single quarter on record since China started publishing those figures in 1992. That was also the first time China reported an economic contraction since 1976. 

The early return to growth for China could foreshadow good news for the rest of the world. The International Monetary Fund had, in fact, projected China's economy to grow 1% this year, better than contractions expected in the United States and Europe.

And five more WSD 2021 posters to be released, two today, two tomorrow and one on Sunday: