Officials are turning less hostile toward tech firms. But the economic drag from the regulatory crackdown, which we think has knocked 0.3%-pts off of annual GDP growth, is unlikely to dissipate entirely. Meanwhile, although the early indicators for April have been dismal there are some signs that the economy could start to recover this month, albeit tepidly.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.