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The World Bank has cut its China 2023 GDP forecast to 4.3% (from 4.5%)
The "World Bank China Economic Update - December 2022" was published last week, but the forecast is getting some media attention now.
In brief:
- Activity in China has followed the ups and downs of the pandemic—outbreaks and economic slowdowns have been followed by uneven recoveries.
- Despite policy support, real GDP growth is expected to slow to 2.7 percent in 2022, before recovering to 4.3 percent in 2023 amid a reopening of the economy.
- The growth outlook is... Read More
Posted: Dec 20 2022, 02:31
Author Name: forexlive
Views: 111955