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China to power world economy for several years as coronavirus recovery in developed countries lags, miner BHP says

China will be the lone major economy to grow this year, while developed economies will commence a slow recovery in 2021 without any likelihood of returning to pre-pandemic conditions before 2023, Anglo-Australian mining giant BHP said on Tuesday.The diversified miner’s forecast, which was delivered during its full-year earnings report, indicates it thinks China is likely to shoulder the bulk of global growth in the next several years.“While the outlook for 2021 remains uncertain, within the…

Read the original article at South China Morning Post

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