China Economic Update, December 2022 : Navigating Uncertainty - China's Economy in 2023

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.

Medienart:

E-Book

Erscheinungsjahr:

2023

Erschienen:

Washington, D.C: The World Bank ; 2023

Reihe:

Economic Updates and Modeling

Sprache:

Englisch

Links:

elibrary.worldbank.org [lizenzpflichtig]

Themen:

COVID-19
Consumer Demand
Economic Forecasting
Economic Growth
Low Inflation
Macroeconomics and Economic Growth
Unemployment
Youth

Umfang:

1 Online-Ressource

doi:

10.1596/39522

funding:

Förderinstitution / Projekttitel:

PPN (Katalog-ID):

184112415X