The US’s economic growth rate (GDP) has been raised for the first time since 1976.
On the 22nd (local time) Bloomberg recently quoted the Bloomberg Economics report and reported that this year’s US economic growth rate could surpass China’s economic growth rate this year on the urban blockade policy to prevent the new corona virus (Corona 19)..
According to the report, China’s economic growth rate this year is expected to increase 2% YoY and the US will increase by 2.8%. Last year, China’s economic growth rate was 8.1%and US economic growth was 5.7%. China has a city blockade due to Corona 19, and the United States has a high inflation.
However, even if the report is more than 4% of China’s economic growth rate this year, it is the lowest since 1976, when the cultural revolution ended.
However, the Chinese government has set an economic growth target of 5.5%by 2022. For this reason, Citi Group Sien Long and Xiahwen Jean Economists diagnosed that “China still has political options.”
In the fourth quarter of last year, US economic growth increased by 5.5% year -on -year, up 4%. President Joe Biden said in January that the US economy is growing faster than China for the first time in more than 20 years.