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Shanghai, China, Dec 20 (EFE).- The World Bank on Tuesday slashed its 2023 growth forecast for China from 4.5 percent to 4.3 percent amid uncertainty ahead of the country’s reopening after almost three years of harsh restrictions under its stringent “zero covid” policy. The institution also lowered its forecast for the current fiscal year, to …
“Continued adaptation of China’s COVID-19 policy will be crucial, both to mitigate public health risks and to minimize further economic disruption,” said Mara Warwick, World Bank Country Director for China, Mongolia and Korea.
The World Bank on Tuesday slashed its China growth forecast for the year as the pandemic and weaknesses in the property sector hit the world's second largest
The World Bank slashed its China growth forecast for the year as the pandemic and weaknesses in the property sector hit the world's second largest economy.
The World Bank on Tuesday slashed its China growth forecast for the year as the pandemic and weaknesses in the property sector hit the world's second largest economy.