Economists Project China GDP to Record over 6 Percent Growth at Most in 2023, Injecting Impetus into Global Economic Recovery
International organizations and investment banks intensively raised their projections for China's economic growth in 2023 following impressive recovery of the country's consumption market during the Spring Festival holidays.
International organizations and investment banks intensively raised their projections for China's economic growth in 2023 following impressive recovery of the country's consumption market during the Spring Festival holidays. Some economists on an optimistic note predicted China's GDP may post strong 6% YoY growth at most this year, buoyed by the country's optimized epidemic response and effective pro-growth policies, injecting confidence and impetus into the global economic recovery.
The Chinese economy is projected to grow 5.2% YoY in 2023, the IMF said in its latest World Economic Outlook, up 0.8 percentage points from its projection in October.
In addition, Morgan Stanley raised its outlook for China's GDP growth this year to 5.7% from 5.4%, predicting that a rebound in activity will come earlier and be sharper than expected, according to media reports.
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