Dec 05, 2022 09:15 PM

Economists Split Over China’s 2023 Outlook

Due to the
Due to the "scar effect" and the long duration of the epidemic, economists predict a growth rate in 2023 between 4% and 5%, while a few see it as high as 6%.

As the government tries to bring China’s economy back on track by gradually moving away from its “zero-Covid” policy, economists remain divided over the country’s growth projections for next year, with forecasts split between 4%-5% and 5%-6%.

China could see a 5.8% GDP growth rate in 2023 provided there’s a smooth reopening, said Ding Shuang, chief economist for Greater China and North Asia at Standard Chartered PLC, at the annual meeting of the International Finance Forum (IFF) on Saturday.

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