KBND - China Growth Outlook: Counting The Cost Of Lockdowns

• After a promising start to the year, China’s economy is now facing its worst disruption since the beginning of the pandemic.
• With China unlikely to give up its zero-COVID stance, we expect another month of disruption in the mainland before the situation normalizes in May.
• China’s flexible labor market and domestic supply chain could help mitigate the impact on production if disruptions are temporary.

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