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CHINA: High unemployment may force government’s hand on stimulus

Table of Contents

● China lost 26mn urban jobs between January and March; much of this loss is temporary, but total urban employment could be 20mn below the pre-virus trend by end-2020.

● Policymakers are still waiting to see how far the supply-side recovery can run, but they will eventually be...

 

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Teneo-Europe-Report

CHINA: High unemployment may force government’s hand on stimulus

● China lost 26mn urban jobs between January and March; much of this loss is temporary, but total urban employment could be 20mn below