Recently, BHP's CEO Mike Henry stated that BHP is anticipating a continuous contraction in the global economy in the second half of this year; however, the global economy may recover next year with gradual improvements in some regions due to the COVID-19 pandemic, and the overall situation will be fully recovered from the impact of the pandemic in two to three years.
Mike Henry believes that iron ore demand in China will be optimistic this year, as he expects China's government policies to increase iron ore demand.
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