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China Economic Update, December 2022 : Navigating Uncertainty - China's Economy in 2023 / World Bank Group.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Author/Creator:
- World Bank Group, author, issuing body.
- Language:
- English
- Subjects (All):
- Economic forecasting.
- Physical Description:
- 1 online resource
- Other Title:
- China Economic Update, December 2022
- Place of Publication:
- Washington, DC : World Bank, 2023.
- Summary:
- Activity in China continues to track the ups and downs of the pandemic - outbreaks and growth slowdowns have been followed by uneven recoveries. After a downturn caused by the Coronavirus disease 2019 (COVID-19) outbreaks and stringent public health measures in April and May, activity picked up in the third quarter as infections receded. Gross domestic product (GDP) expanded by 3.9 percent y/y in Q3, from 0.4 percent in Q2. High frequency indicators suggest another growth slowdown in the fourth quarter amid a return of high COVID-19 cases. Despite fiscal and monetary policy support, real GDP growth is expected to slow to 2.7 percent in 2022 - 1.6 percentage points lower than projected in the June China economic update. In 2023 growth is projected to recover to 4.3 percent but remain below the potential rate.
- Notes:
- Description based on publisher supplied metadata and other sources.
- Publisher Number:
- 10.1596/39522
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