Pollution data from China indicates economic recovery: Gita Gopinath

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Pollution data from China indicates economic recovery: Gita Gopinath

Apr 06, 2020 21:41 IST

While the global recession caused by the coronavirus pandemic will be worse than one can imagine, IMF economists say, early signs of a recovery are appearing in China, including renewed pollution. In a blog post, IMF chief economist Gita Gopinath wrote, China saw a modest recovery in a key manufacturing index in March, and satellite images show increasing concentrations of nitrogen dioxide last month, indicating a pickup in industrial activity and transportation. She added, China's recovery is encouraging, suggesting that containment measures can succeed in controlling the pandemic and pave the way for a resumption of economic activity.

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