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China Economic Update, December 2022: Navigating Uncertainty - China’s Economy in 2023

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dc.contributor.authorWorld Bank
dc.date.accessioned2023-03-13T20:56:35Z
dc.date.available2023-03-13T20:56:35Z
dc.date.issued2023-03-13
dc.description.abstractActivity in China continues to track the ups and downs of the pandemic - outbreaks and growth slowdowns have been followed by uneven recoveries. After a downturn caused by the Coronavirus disease 2019 (COVID-19) outbreaks and stringent public health measures in April and May, activity picked up in the third quarter as infections receded. Gross domestic product (GDP) expanded by 3.9 percent y/y in Q3, from 0.4 percent in Q2. High frequency indicators suggest another growth slowdown in the fourth quarter amid a return of high COVID-19 cases. Despite fiscal and monetary policy support, real GDP growth is expected to slow to 2.7 percent in 2022 - 1.6 percentage points lower than projected in the June China economic update. In 2023 growth is projected to recover to 4.3 percent but remain below the potential rate.en
dc.identifierhttp://documents.worldbank.org/curated/en/099062002232318248/P1757970fbdcf3053096ae006cda0a3e01a
dc.identifier.doi10.1596/39522
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/39522
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington DC
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo/
dc.subjectCOVID-19
dc.subjectUNEMPLOYMENT
dc.subjectCONSUMER DEMAND
dc.subjectLOW INFLATION
dc.subjectYOUTH
dc.titleChina Economic Update, December 2022en
dc.title.subtitleNavigating Uncertainty - China’s Economy in 2023en
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleChina Economic Update, December 2022: Navigating Uncertainty - China's Economy in 2023
okr.date.disclosure2023-03-13
okr.date.lastmodified2023-02-23T00:00:00Zen
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/099062002232318248/P1757970fbdcf3053096ae006cda0a3e01a
okr.guid099062002232323298
okr.guid099062002232318248
okr.identifier.doihttps://doi.org/10.1596/39522
okr.identifier.externaldocumentum34008047
okr.identifier.internaldocumentum34008047
okr.identifier.report180356
okr.import.id52
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099062002232318248/pdf/P1757970fbdcf3053096ae006cda0a3e01a.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryChina
okr.topicMacroeconomics and Economic Growth::Economic Forecasting
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.unitEFI-EAP-MTI-MacroFiscal-1 (EEAM1)
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