China Economy Grows 4.9% as Rest of World Struggles With Coronavirus

The third-quarter expansion builds on the second quarter’s 3.2% growth, which follows a historic contraction of 6.8% in the first three months of the year, when authorities locked down the central Chinese city of Wuhan in a bid to curb the fast-spreading virus.

Despite the 4.9% growth in the third quarter of this year compared to the previous year, the result was lower than a 5.3% median forecast expected by economists.

Global stock markets wake up slightly high after signs of a new US stimulus plan. However, investors are concerned about the increase in cases of covid19 in Europe and the United States.

While in the cryptocurrency market it is speculated that the start of the Ethereum 2.0 network is imminent. 

Bitcoin has risen over 2% in the last 24 hours reaching USD 11.800. 

Dash is also in an uptrend with +13% rise today.

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