Economists See China Rebounding as Covid Policies Ease

Confidence in China’s outlook has improved since Beijing recalibrated its pandemic control rules and introduced a sweeping package of measures to aid property financing last week

(Bloomberg) — China’s moves to ease the two biggest risks facing the economy — Covid restrictions and the property slump — are fueling optimism of a rebound in growth next year, prompting some economists to upgrade forecasts.

China’s gross domestic product growth is likely to pick up in the second half of 2023 and into 2024 after the economy weathers the initial negative impact of exiting its “zero-Covid” strategy in the spring, Goldman Sachs Group Inc. said Thursday.