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 t...
Gespeichert in:
Körperschaft: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
The World Bank
2023
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Schriftenreihe: | Economic Updates and Modeling
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Schlagworte: | |
Online-Zugang: | kostenfrei |
Zusammenfassung: | 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 |
Beschreibung: | 1 Online-Ressource |
DOI: | 10.1596/39522 |
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series2 | Economic Updates and Modeling |
spellingShingle | China Economic Update, December 2022 Navigating Uncertainty - China's Economy in 2023 Consumer Demand COVID-19 Economic Forecasting Economic Growth Low Inflation Macroeconomics and Economic Growth Unemployment Youth |
title | China Economic Update, December 2022 Navigating Uncertainty - China's Economy in 2023 |
title_auth | China Economic Update, December 2022 Navigating Uncertainty - China's Economy in 2023 |
title_exact_search | China Economic Update, December 2022 Navigating Uncertainty - China's Economy in 2023 |
title_exact_search_txtP | China Economic Update, December 2022 Navigating Uncertainty - China's Economy in 2023 |
title_full | China Economic Update, December 2022 Navigating Uncertainty - China's Economy in 2023 |
title_fullStr | China Economic Update, December 2022 Navigating Uncertainty - China's Economy in 2023 |
title_full_unstemmed | China Economic Update, December 2022 Navigating Uncertainty - China's Economy in 2023 |
title_short | China Economic Update, December 2022 |
title_sort | china economic update december 2022 navigating uncertainty china s economy in 2023 |
title_sub | Navigating Uncertainty - China's Economy in 2023 |
topic | Consumer Demand COVID-19 Economic Forecasting Economic Growth Low Inflation Macroeconomics and Economic Growth Unemployment Youth |
topic_facet | Consumer Demand COVID-19 Economic Forecasting Economic Growth Low Inflation Macroeconomics and Economic Growth Unemployment Youth |
url | https://doi.org/10.1596/39522 |
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