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<p><div class="KonaFilter image-container display-table float_right"><div><div class="image"></div><p></p></div></div>Brussels (AFP) - The eurozone economy stagnated in the second quarter, official figures showed on Friday, in line with the poor outlook which pushed the European Central Bank into radical action on Thursday.</p>
<p>In a second estimate for growth in the 18-country currency zone, the Eurostat statistics body confirmed zero percent growth from the previous quarter.</p>
<p>It also reported slight expansion of 0.2 percent for the full 28-country European Union.</p>
<p>The first estimate announced in mid-August sent shockwaves across financial markets and governments desperate for growth, and put even more pressure on the ECB to take action.</p>
<p>It did so in unexpected fashion on Thursday, when ECB president Mario Draghi produced the latest in a series of policy surprises, while also warning that the real solution was faster reforms by governments.</p>
<p>Fears are growing that the European economy, after making it through the euro crisis and the prospect of the collapse of the single currency, may now be poised for years of stagnation or unduly low growth.</p>
<p>Stunted growth in the eurozone is forcing governments to cut back their estimates for growth of gross domestic product for the rest of the year, putting budget deficit targets into jeopardy, and also clouding the outlook for growth of the global economy.</p>
<p>The unexpectedly low growth figure was mainly the result of a surprise 0.2-percent shrinkage in Germany, usually the reliable eurozone growth engine, and stagnation in an already fragile French economy.</p>
<p>Feeling the pressure, the Frankfurt-based ECB cut interest rates to a record low level on Thursday and pledged to buy hundreds of billions of euros of private sector bonds, thereby pumping much-needed cash into the economy.</p>
<p>However, Draghi also revealed that the ECB's policy council was split, since the decisions announced were not taken unanimously.</p>
<p>The ECB also slashed its forecasts for growth in the 18-country euro area this year and next, and lowered its outlook for area-wide inflation.</p>
<p>The ECB is now pencilling in gross domestic product growth of 0.9 percent in 2014 with inflation expected to be 0.6 percent this year -- a lower rate than the 0.7 originally forecast.</p>
<p> </p>
<p> </p>
<p> </p>

Eurozone Economy: Zero Growth

<p>Here's a cool chart from Morgan Stanley.</p>
<p>It shows where all of the major world economies are in their respective economic cycles.</p>
<p>The country most closes to "peaking" right now is China. The US, Canada, New Zealand, and Kazakhstan are past the halfway point, but still have room to grow.</p>
<p>Countries like India, Brazil, and Russia are troughing, while Australia, Malaysia, and Thailand are still on the way down, though getting close to the bottom of their respective cycles.</p>
<p><div class="image-container display-table"><div><div class="image"><p class="source">Morgan Stanley</p></div></div></div></p>

This Chart Shows Where All The Major World Economies Are In The Economic Cycle

<p><div class="image-container float_right"><div class="image"><p class="source"> REUTERS/Enrique Marcarian </p></div></div>The latest <keyword id="284555" type="COMPANY" weightage="60" keywordseo="Beige-Book">Beige Book</keyword> info <a href="http://www.businessinsider.com/august-beige-book-2013-9" target="_blank">shows the economy is still growing at a moderate pace</a>.</p>
<p>But at least three areas of the <keyword id="34412" type="ORGANIZATION" weightage="60" keywordseo="economy">economy</keyword> are seeing record growth.</p>
<p>Literally.</p>
<p>Eastern seaboard <keyword id="20048" type="CITY" weightage="60" keywordseo="tourism">tourism</keyword> (though some parts hit by Sandy remain slow), via the Philly Fed:</p>
<p style="padding-left: 30px;">After a slow start to the summer, traffic counts, bookings, and boardwalk sales at shore destinations in Delaware and southern New Jersey picked up to a modest pace. <strong>A Delaware hotel group reported that its properties matched or exceeded last year's record; another hotel reported that July was its best month ever</strong>. &gt;However, those parts of central New Jersey hardest hit by Hurricane Sandy continued to struggle, with low numbers of returning summer residents and tourists.</p>
<p><keyword id="6386447" type="UNKNOWN" weightage="60" keywordseo="Farming">Farming</keyword>, via the KC Fed:</p>
<p style="padding-left: 30px;">Demand for farm operating loans strengthened with high input costs and reduced farm income. Despite weaker farm income prospects, <strong>farmland values continued to set records</strong>, with demand for farmland driven in part by high levels of wealth in the farm sector.</p>
<p>And finally, <keyword id="6378833" type="ORGANIZATION" weightage="60" keywordseo="health-care">health care</keyword> and <keyword id="27859" type="ORGANIZATION" weightage="60" keywordseo="engineering">engineering</keyword>, via the Dallas Fed:</p>
<p style="padding-left: 30px;">Staffing firms' reports were mixed, <strong>with one contact reporting near-record levels of direct hiring</strong>, <strong>especially in engineering and health care</strong>, and other contacts reporting declines in hiring in manufacturing and logistics. Outlooks were also mixed.</p>
<p>If you're looking for growth opportunities, here they are.</p>

3 Parts Of The Economy Are Seeing 'Record' Growth

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span><a href="http://pictures.reuters.com/C.aspx?VP3=SearchResult&amp;VBID=2C0BXZZW8KVHU&amp;SMLS=1&amp;RW=1440&amp;RH=674#/SearchResult&amp;VBID=2C0BXZZW8KVHU&amp;SMLS=1&amp;RW=1440&amp;RH=674&amp;PN=3&amp;POPUPPN=162&amp;POPUPIID=2C0408T9HILPV">REUTERS/Eddie Keogh</a></span></p><p class="caption">John Daly of the U.S. plays a shot on the 15th hole during the second round of the British Open golf championship at Royal Lytham &amp; St Annes, northern England July 20, 2012.</p></div><p></p></div></div>Britain's final third quarter GDP figures came out on Wednesday morning and it's bad news.</p><p>The economy grew 0.4% quarter-on-quarter and 2.1% compared to the same period last year.</p><p>The original estimates were 0.5% growth on the second quarter and a 2.3% rise on the third quarter last year.</p><p>It's another piece of disappointing data for Chancellor George Osborne this week Public sector borrowing <a href="http://uk.businessinsider.com/uk-public-sector-net-borrowing-jumps-in-november-2015-12">came in well above forecast at £14.2 billion for November</a>. That's means Osborne is almost certain to miss the country's borrowing forecast for the year.</p><p>Despite the downward GDP revision and the likely missed borrowing target, <a href="http://uk.businessinsider.com/uk-unemployment-rate-and-pay-statistics-2015-12">Britain is in an economic sweet spot right now</a>, with rock bottom levels of unemployment and growth looking on track.</p><p> </p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/hilcorp-gives-all-employees-100000-bonus-jeffery-hildebrand-2015-12">A self-made billionaire in Texas just gave each of his 1,381 employees a $100,000 bonus</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="cxamJneTpwe4Cr8QQ_UFRq5qWjmgRVwi" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

Britain's economy just missed growth forecasts

<p><div class="image-container float_right" style="width:400px"><div class="image"></div><p class="source"><a href="http://www.flickr.com/photos/78224393@N00/8499030135/">Flickr/Niels Linneberg</a></p><p class="caption">Hercules versus the Hydra</p></div>There remain a lot of misunderstandings and all-out myths out there about the state of the U.S. <keyword id="34412" type="ORGANIZATION" weightage="60" keywordseo="economy">economy</keyword>.</p>
<p>The Bureau Economic Analysis is here to help.</p>
<p>They've <a href="http://www.bea.gov/cspan/cspan_slides_myths_and_misperceptions.pdf">put together a presentation</a> (via <a href="http://www.ritholtz.com/blog/2013/04/bea-myths-misperceptions/">Barry Ritholtz</a>) to sort through what's real and what's hearsay.</p>
<p><keyword id="6368033" type="UNKNOWN" weightage="60" keywordseo="Taxes">Taxes</keyword>, debt, offshoring and wages are all covered.</p>
<p>It's pretty eye-opening.</p>

Here Are 12 Popular Myths About The US Economy

<ul><li><strong>A report by the <keyword id="144866" type="ORGANIZATION" weightage="20" keywordseo="Brookings-Institution">Brookings Institution</keyword>, a Washington DC-based think tank, claims what economists have long suspected: <keyword id="1334" type="COUNTRY" weightage="20" keywordseo="China">China</keyword>’s economic data is fudged.<br /></strong></li><li><strong>The report indicates that the size of China’s <keyword id="34412" type="ORGANIZATION" weightage="20" keywordseo="economy">economy</keyword> is around 12% smaller than official data shows. <br /></strong></li><li><strong>This is because real <keyword id="44910" type="PERSON" weightage="20" keywordseo="GDP-growth">GDP growth</keyword> has been inflated by an average of 1.7 percentage points between 2008 and 2016, due to the overstatement of local data as well as inflated investment and industrial production figures. </strong></li></ul>People have been sceptical about the accuracy of China’s economic data for quite some now.<br /><br />Now, a recent <a href="https://www.brookings.edu/wp-content/uploads/2019/03/BPEA-2019-Forensic-Analysis-China.pdf">study</a> by the Brooking Institution, a Washington DC-based think tank, claims what economists have long suspected: China’s GDP data is inflated. And the reason for the inaccuracy? Gaps in the system of <a href="https://www.scmp.com/news/china/economy/article/2117616/chinas-statistics-bureau-take-over-accounting-provincial-gdp-data">regional data collection</a>. <br /><br />The report indicates that the size of China’s economy is around 12% smaller than official data shows. This is because real GDP growth has been inflated by an average of 1.7 percentage points between 2008 and 2016, due to the overstatement of local data as well as inflated investment and industrial production figures, the report argues. <br /><br />
  
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  <br />In late 2015, government officials in Northeast China <a href="http://www.chinadaily.com.cn/business/2015-12/14/content_22705255.htm">admitted to overstating economic data</a> such as fiscal revenue and household income to show higher growth in their provinces. In early 2016, the Communist Party of China initiated <a href="https://www.nytimes.com/2016/01/27/business/international/china-economy-data-statistics-inquiry.html">an anti-corruption investigation</a> into the the head of the country’s statistics agency, the National Bureau of Statistics, over the alleged inaccuracy of data depicting the country’s shrinking growth. <br /><br /><br />The authors of the Brookings report used “value-added tax” figures to adjust the official Chinese data, citing the data point’s relative accuracy. Tax data has been tabulated on a computerised basis since the mid-2000s. The report’s authors compared value-added-tax on industrial companies with their reported industrial output. <br /><br /><br />GDP figures are always a politically insensitive issue. Just ask the Modi administration, which recently<a href="https://www.businessinsider.in/indias-bjp-led-government-has-released-a-set-of-revised-gdp-data-that-dramatically-reduces-growth-during-the-previous-administrations-tenure/articleshow/66861828.cms"> released a back-dated series of GDP data</a> that indicated that growth under the previous Congress government between 2004-05 and 2013-14 was less than what the current BJP-led administration has achieved over the last four years. <br /><br />However, GDP data takes on a deeper meaning for the Chinese government. Growth targets are sacrosanct and it routinely evaluates local officials based on economic growth in their respective regions. <br /><br />The Brookings report explained that the National Bureau of Statistics had a difficult time ascertaining the accuracy of local data and subsequently adjusting it. The body did, however, <a href="https://www.scmp.com/news/china/economy/article/2117616/chinas-statistics-bureau-take-over-accounting-provincial-gdp-data">pledge to exercise greater control </a>of the accounting of provincial data last year to prevent fraud. The national agency will now be tasked with compiling regional data on its own. <br /><br />The conclusions of the study further compound China’s economic woes, indicating that is current slowdown could be worse than expected. <br /><br />The country recently forecast a growth rate of <a href="https://www.businessinsider.in/chinas-defense-budget-is-now-nearly-four-times-that-of-india/articleshow/68267242.cms">6-6.5%</a> for 2019 - its lowest rate of economic expansion since 1990. The sluggish rate of growth is attributable to trade tensions and a contraction in manufacturing, private investment and credit growth.<br /><br /><br />SEE ALSO:<br /><br /><a href="https://www.businessinsider.in/indias-bjp-led-government-has-released-a-set-of-revised-gdp-data-that-dramatically-reduces-growth-during-the-previous-administrations-tenure/articleshow/66861828.cms">India’s BJP-led government has released a set of revised GDP data that dramatically reduces growth during the previous administration’s tenure</a><br /><br /><a href="https://www.businessinsider.in/chinas-defense-budget-is-now-nearly-four-times-that-of-india/articleshow/68267242.cms">China ramps up military spending — and it’s now nearly four times India’s outlay</a><br /><br />

China's economy may not be as big as you were told

<br />
<br />
<a href="http://www.businessinsider.in/markets/budget2016/infrastructure/renewable-energy/ADB-is-helping-India-realize-its-solar-dreams-to-provide-500-mn-loans-for-solar-rooftops/articleshow/54677920.cms">Asian Development Bank</a> (ADB), the regional development bank headquartered in Phillippines, has said that <a href="http://www.businessinsider.in/indias-fiscal-deficit-touches-rs-6-trillion-in-11-months-above-2016-17-target/articleshow/57940627.cms">India's growth rate</a> will improve to 7.4% during 2017-18, further rising to 7.6% in the next fiscal. It added that Indian economy would stay ahead of neighbour China.<br />
<br />
"The impact of the demonetisation of high-value banknotes is dissipating as the replacement banknotes enter circulation. Stronger consumption and fiscal reforms are also expected to improve business confidence and investment prospects in the country," said a report in Asian Development Outlook, ADB's flagship economic publication.<br />
<br />
Also read:  <a href="http://www.businessinsider.in/Asian-Development-Bank-trims-growth-forecast-for-Asia-due-to-slowdown-in-India/articleshow/55955434.cms">Asian Development Bank trims growth forecast for Asia due to slowdown in India</a><br />
<br />
"In India, the sub-region's largest economy, growth is expected to pick up to 7.4% in fiscal year (2017-18) and 7.6% in 2018-19, following the 7.1% registered last FY," it said.<br />
<br />
During FY <a href="http://www.businessinsider.in/markets/economy/ADB-predicts-a-slower-growth-for-developing-Asia/articleshow/51611322.cms">2016-17</a>, India recorded a growth rate of 7.1%, notwithstanding the fear of adverse effects of demonetisation on the economic growth.<br />
<br />
As about China, the overall output was pegged at 6.5% for 2017 and 6.2% in 2018; in 2016, it was 6.7%.<br />
<br />
Also read:  <a href="http://www.businessinsider.in/markets/this-how-you-know-something-desperate-is-going-on-in-chinas-economy/articleshow/57071274.cms">This is how you know something desperate is going on in China's economy</a><br />
<br />
The report further said that South Asia would continue to be the fastest growing of all subregions, and its combined growth would touch 7% in 2017 and 7.2% in 2018.<br />
<br />
(Image source  New Indian Express)

ADB pegs India's 2017-18 growth at 7.4%

<p><div><a href="http://www.businessinsider.com/worldviews"></a></div></p><p></p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div><p></p></div></div><p>As Thailand comes to terms with the death of its long-serving monarch, King Bhumibol Adulyadej, the military junta that has ruled the country since 2014 is opening the government check book and looking to the future.</p><p>Ahead of general elections in 2017, the junta plan to reinvigorate economic growth with <a href="http://www.reuters.com/article/us-thailand-economy-infrastructure-factb-idUSKCN11D2T1?il=0" rel="nofollow">$40 billion</a> invested across 20 major infrastructure projects by 2022.</p><p>At a time when many governments worldwide are tightening their fiscal belts, Thailand is turning on its government growth engine with high-speed railway projects, port upgrades, and major airport upgrades.</p><p>And with a relatively <a href="http://www.bangkokpost.com/business/news/1120101/public-debt-to-gdp-ratio-dips-slightly-in-" rel="nofollow">low public debt-to-GDP ratio</a> of 46% - compared to <a href="https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html%22%20%5Cl%20%22th" rel="nofollow">74% for the US&lt;</a> and 105% for Singapore - Thailand has significant room to move.</p><p></p><div class="KonaFilter image-container display-table"><div><div class="image on-image"></div></div></div><p><em><sub>Source: CIA World Factbook, 2015 est.</sub></em></p><p>&#xa0;</p><h2>Kicking growth into gear</h2><p>The country has been enjoying <a href="https://www.ft.com/content/6f3239ae-9783-11e6-a1dc-bdf38d484582" rel="nofollow">something of an economic recovery</a> since the junta seized power, causing growth to flat line at just 0.8% in 2014.</p><p>The rebound in the Thai economy has prompted the IMF to raise its growth forecasts to <a href="http://www.imf.org/external/pubs/ft/weo/2016/02/index.htm" rel="nofollow">3.2%</a> for 2016, with expectations growth will strengthen further in&#xa0;2017 and thereafter.</p><p>If the country is to meet these forecasts and return to the 5% plus annual growth rates it has enjoyed at <a href="http://www.tradingeconomics.com/thailand/gdp-growth-annual" rel="nofollow">several times during the last decade</a>, the government will likely need to support key industries to compete with similarly positioned countries in the region.</p><p>Infrastructure investment, like that planned by the junta, is one way to achieve this.</p><p>Increased government spending typically has a <a href="http://www.economicsonline.co.uk/Managin" rel="nofollow">multiplier effect</a> on other areas of the economy, building confidence and increasing the willingness of companies and individuals to spend.</p><p>But while the opportunity is clear, the country's political future is still uncertain. Thailand has declared a <a href="http://www.aljazeera.com/news/2016/10/thailand-year-period-mourning-declared-161014033704471.html" rel="nofollow">one-year period of mourning</a> for the king, which may delay the general election. &#xa0;So perhaps the biggest threat to the Thai economy is inaction.</p><p>If that can be averted, Thailand's open economy appears well-positioned to take advantage of fiscal stimulus and improved infrastructure to continue its economic recovery.</p><p>If you're looking to access the Thai market, consider the&#xa0;<a href="https://www.ishares.com/us/products/239688/ishares-msci-thailand-capped-etf" rel="nofollow">iShares MSCI Thailand Capped ETF (THD)</a>, or broaden your search to <a href="https://bs.serving-sys.com/BurstingPipe/adServer.bs?cn=tf&amp;c=20&amp;mc=click&amp;pli=19456168&amp;PluID=0&amp;ord=%5Btimestamp%5D" rel="nofollow">other countries</a>.</p><p><strong>EXPLORE:</strong> <a href="http://www.businessinsider.com/worldviews">Research other countries in the Worldviews series</a></p><p>&#xa0;</p><p>&#xa0;</p><p><em>This post is sponsored by <a href="https://www.ishares.com/us/" target="_blank" rel="nofollow">iShares<strong><sup>®</sup></strong>&#xa0;by BlackRock<strong><sup>®</sup></strong></a><a href="https://www.ishares.com/us/" target="_blank" rel="nofollow"></a>.</em></p><p><strong><em>Visit <a href="https://www.ishares.com/us/" target="_blank" rel="nofollow">www.iShares.com </a>or <a href="https://www.blackrock.com/" target="_blank" rel="nofollow">www.BlackRock.com</a> to view a prospectus, which includes investment objectives, risks, fees, expenses and other information that you should read and consider carefully before investing.&#xa0;</em></strong><strong><em>Investing involves risk, including possible loss of principal.</em></strong></p><p><em>International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments. These risks often are heightened for investments in emerging/developing markets and in concentrations of single countries.</em></p><p><em>The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, "BlackRock").</em></p><p><em>This article was sponsored by iShares by BlackRock. BlackRock is not affiliated with Business Insider Inc., or any of their respective affiliates. BlackRock does not control or guarantee the accuracy or completeness of information contained in this article or any content linked to this article; or any third parties which produce and provide such content; and does not endorse the views and opinions they express or the products and/or services they may offer.</em></p><p><em>©2016 BlackRock. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock. All other marks are the property of their respective owners.&#xa0;iS-19745</em></p></hr>

The Thai economy is about to turn on its growth engine

<p><div class="KonaFilter image-container display-table float_right click-to-enlarge"><div><div class="image"><a title_source="Markit" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/53b5608169bedd4a2a29f2b4-960/ch-204.jpg"><span class="sprites click-to-enlarge-icon" title="Click to enlarge"></span></a><p class="source"><span><a href="http://www.markiteconomics.com/Survey/PressRelease.mvc/a0ce20b0b3d544f1b2e1c97acbc94e0d">Markit</a></span></p></div><p></p></div></div>"The US economy is enjoying a major growth spurt, entering the second half of the year with very strong momentum," said <a href="http://www.markiteconomics.com/Survey/PressRelease.mvc/a0ce20b0b3d544f1b2e1c97acbc94e0d">Markit's Chris Williamson</a>.</p>
<p>Markit's services purchasing managers index (PMI) climbed to 61.0 in June from 58.4 in May.</p>
<p>Any reading above 50 signals growth in the sector.</p>
<p>"The index has now picked up in three of the past four months, with the latest reading signalling the strongest rate of output growth since the survey began in October 2009," noted Markit. "Moreover, the average reading during the second quarter of the year (58.0) was the strongest since Q1 2012."</p>
<p>Here are some key points from the report:</p>
<ul>
<li>Strongest rise in business activity since the survey began in October 2009</li>
<li>New business growth and job creation also hit survey-record highs</li>
<li>Input cost inflation accelerates to fastest for five months</li>
</ul>
<p>"A further acceleration of growth signalled by the manufacturing and services PMIs in June suggests that the economy may have grown at an annualised rate of perhaps 4% in the second quarter," continued Williamson. "Some of this growth represents a rebound from the weather- related disruptions of the first quarter, but there is a clearly underlying groundswell of rising demand for both goods and services."</p>
<p><div class="KonaFilter image-container display-table"><div><div class="image"><p class="source"><span>Markit</span></p></div><p></p></div></div></p>

The US Economy Is Enjoying A Major Growth Spurt

<ul class="summary-list"><li>China's <keyword id="34412" type="ORGANIZATION" weightage="60" keywordseo="economy">economy</keyword> grew by 3.2% in the second quarter of the year, beating Reuters economists' estimates of 2.5% growth. </li><li>This comes after the economy faced a sharp contraction of 6.8% in the first quarter of the year. </li><li>While growth in general was stronger than expected, consumer spending didn't bounce back as forecast.</li><li>Economists had expected retail sales to rise by 0.3%, but they fell 1.8% year-on-year in June.</li><li>As the first country to face the <keyword id="1754604" type="PERSON" weightage="60" keywordseo="coronavirus">coronavirus</keyword>, China's economic recovery is much further along than most nations in the Western world.</li></ul><p>China's economy grew by 3.2% in the second quarter of the year, signalling that the country may be on course for a V-shaped recovery and its darkest days from the virus may be over. </p><p>This is higher than the growth Reuters economists were polling at 2.5%. </p><p>In April, the country's reported its economy shrank by <a href="https://www.businessinsider.com/china-economy-falls-first-quarter-2020-after-half-century-growth-2020-4?r=US&amp;IR=TIR=T">6.8% in the first three months</a> of the year, marking its first contraction in 28 years. </p><p><strong><em>Read More:</em></strong><em> </em><em><a href="https://slack-redir.net/link?url=https%3A%2F%2Fwww.businessinsider.com%2Fstock-market-rally-2020-tech-boom-dot-com-crash-morgan-stanley-2020" target="_blank" rel="noopener noreferrer">Morgan Stanley unpacks 4 reasons why the ongoing tech boom won't end like the 2000 dot-com crash — and shares how you can profit from future gains</a></em></p><p>The National Bureau of Statistics for China said in a <a href="http://www.stats.gov.cn/english/PressRelease/202007/t20200716_1776211.html">statement</a>: "Given the continuous spread of the epidemic globally, the evolving huge impact of the epidemic on the global economy and the noticeably mounting external risks and challenges, the national economic recovery was still under pressure."</p><p>Earlier this month it emerged China's Caixin Services PMI hit its highest level in a decade in June as economic activity continues to pick up in the first country hit by coronavirus. </p><p>China's manufacturing activity also rose to a <a href="https://markets.businessinsider.com/news/stocks/china-economy-pmi-caixin-10-year-high-coronavirus-economic-recovery-2020-7-1029365075#">six-month high</a> in June. </p><p><strong><em>Read More:</em></strong><em> </em><em><a href="https://slack-redir.net/link?url=https%3A%2F%2Fwww.businessinsider.com%2Fstock-picking-strategy-how-to-find-big-winners-paul-andreola-2020-7" target="_blank" rel="noopener noreferrer">Paul Andreola has a long track record of finding tiny stocks that deliver 10-times returns. He lays out the 4 criteria he looks for when seeking the next explosive pick.</a></em></p><p>But even though the economy grew in the second quarter of the year, retail activity still remained subdued. </p><p>China's retail activity fell by 3.9% year-on-year in the second quarter. This marked the fifth consecutive decline in China's retail activity. </p><p>In June, the total retail sales of consumer goods declined year-on-year by 1.8%. Reuters economists were expecting retail sales to increase by 0.3%. </p>

You Searched For "economy growth" and got 10 results

Eurozone Economy: Zero Growth

AFP

This Chart Shows Where All The Major World Economies Are In The Economic Cycle

Joe Weisenthal

3 Parts Of The Economy Are Seeing 'Record' Growth

Rob Wile

Britain's economy just missed growth forecasts

Oscar Williams-Grut

Here Are 12 Popular Myths About The US Economy

Rob Wile

China's economy may not be as big as you were told

Dilsher Dhillon

ADB pegs India's 2017-18 growth at 7.4%

The Thai economy is about to turn on its growth engine

Sponsor Post

The US Economy Is Enjoying A Major Growth Spurt

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