As China Media Hails Superior Recovery Americans Pessimistic About Economy
China’s GDP grew 3.2 percent in the second quarter of 2020, the regime reported Thursday following a record contraction in the first quarter of the year. The figure means China escaped the official definition of a recession, two consecutive quarters of negative growth, despite the economic disruption of the COVID-19 pandemic. By contrast, the U.S. economy entered a recession earlier this year. President Donald Trump’s administration appears unable to get a handle on the coronavirus pandemic, meaning the economic hardship caused by the virus will likely persist for some time to come....