Global stock markets closed mixed on Monday (Jan. 18), with European stocks closing slightly higher amid hopes of a quicker global recovery were boosted by better-than-expected GDP figures from China. Chinese shares gained 0.8% yesterday, approaching 6-year highs. Economic data revealed that China’s economy grew by 2.3% in 2020, the lowest growth rate since 1976, but likely the only major economy to have expanded last year, avoiding contraction due to the COVID-19 shocks.
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