Growth will have to accelerate in coming quarters to hit the ruling party’s annual target of “ around 5%.” “ The data published today suggest that the reopening recovery had largely fizzled out by May, ” Julian Evans-Pritchard of Capital Economics said in a report....
“ The economy appears to have lost some further momentum during the first half of June, too.” Retail sales rose 12.7% over a year earlier, but that was down from April’s 18.4%, which was barely half the rate expected by forecaster
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2023-06-15 00:00:00.0