China’s economy likely to rebound earlier than previously expected – Commerzbank – by eren_fxstreet China Banks Macroeconomics
Commerzbank Senior Economist Tommy Wu thinks China’s economy will likely rebound earlier than previously expected, thanks to the sudden Covid reopening. "First, the speed of outbreak is probably much faster than previously expected, with most people having or eventually will get infected in a matter of weeks after the U-turn in Covid policy made in early December. Currently, cities are battered by infections.
"It also seems unlikely that the authorities will reimpose controls despite a spike in infections. The government looks keen to prioritize economic recovery in 2023 and seems to prefer quickly getting over with the Covid situation to jump start the economy rather than dragging it out further." Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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