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World battles slowdown, China's economy surges ahead

China's economy surges 4.7% in the July to September quarter, as the world struggles to catch up

Amid global slowdowns in a pandemic, China's economy surges
Chinese economy surged 4.9% in July-to-September quarter
Growth brings China back up to the rough pre-pandemic levels
United States expected to report a 3rd-quarter growth surge too
China&rsquo;s lead could widen further in the months to come: experts

Even&nbsp;as most of the world is still struggling with massive economic slowdowns&nbsp;with the coronavirus pandemic, China seems to be&nbsp;proving that a fast economic rebound is possible when the virus is brought firmly under control.
The Chinese economy surged 4.9% in the July-to-September quarter compared with the same months last year. The robust growth brings China almost back up to the roughly 6% pace of growth that it was reporting before the pandemic.
The United States and other nations are expected to report a third-quarter surge too, but they are still behind or just catching up to pre-pandemic levels.
China&rsquo;s lead could widen further in the months to come, say experts. It has almost no local transmission of the virus now, while the United States and Europe face another accelerating wave of cases.

Indian economy worst hit among major economies: Goldman Sachs

Goldman Sachs cuts its FY21&nbsp;GDP&nbsp;growth projection for&nbsp;India to -14.8%, worse than an earlier estimate of -11.8%

The Indian economy is the worst-hit among major economies, American brokerage Goldman Sachs said.
It sharply cut India's FY21 GDP forecast to contraction of 14.8%. It had earlier estimated that the economy&nbsp;would contract by 11.8%.
The estimate comes days after official data said the economy contracted by 23.9% for the June quarter.&nbsp;
It is now believed that the economy will contract 13.7% for the September quarter and 9.8% for the December quarter.

september quarter

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