World Bank cuts 2022 China growth forecast to 2.7% predicted in June
Shortpedia
Content Team
Image Credit: financial tribune
The World Bank in a report released on Tuesday slashed its 2022 China growth forecast to 2.7 per cent, from 4.3% predicted in June, as the pandemic and weaknesses in the property sector hit the world's second-largest economy. In a report, Navigating Uncertainty, China's Economy in 2023, by World Bank, the lender said that confronted with the most widespread outbreaks, the continued evolution of China's public health policies will be crucial.
