The growth of the U.S. economy is set to outpace that of China’s for the first time in nearly five decades, a leap reportedly due to China’s ongoing severe lockdown in an attempt to contain the COVID virus.
The U.S. economy is projected to grow at 2.8% this year, while the People’s Republican of China is projected to grow nearly 30% slower, at just 2.0%.
The last time the United States’s growth was ahead of China’s was its bicentennial year of 1976. In that year, U.S. growth was 5.39%.China’s slowdown is largely attributed to its continuing severe lockdown of Shanghai, which […]
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