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In its annual study of 193 countries, the Center for Economics and Business Research said that China had quickly recovered from the effects of COVID-19 and would grow by two percent in 2020 — the only major world power to expand.

The US is expected to contract by 4.4 percent this year — the country’s biggest fall since the Second World War, according to the London-based group.

In its annual study of 193 countries, the Center for Economics and Business Research said that China had quickly recovered from the effects of COVID-19 and would grow by two percent in 2020 — the only major world power to expand. The US is expected to contract by 4.4 percent this year — the country’s biggest fall since the Second World War, according to the London-based group.

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China is already the world's largest economy thanks to the lockdowns.