China's economy is expected to have slowed sharply in the fourth quarter due to stringent COVID curbs, dragging down 2022 growth to one of its worst in nearly half a century and raising pressure on policymakers to unveil more stimulus this year.
Data on Tuesday is forecast to show gross domestic product grew 1.8% in October-December from a year earlier, halving from the third-quarter's 3.9% pace, according to a Reuters poll. Such an outcome would still exceed the second quarter's 0.4% rate of expansion.
"As suggested by the weak December NBS PMI report, domestic activity likely slowed further by year-end as rapid relaxation of control measures led to a sharp spike in COVID-19 cases." For 2022, GDP likely expanded 2.8%, badly missing the official target of "around" 5.5% and braking sharply from 8.4% growth in 2021. Excluding the 2.2% expansion after the initial COVID hit in 2020, it would be the worst showing since 1976 - the final year of the decade-long Cultural Revolution that wrecked the economy.
Economists at Morgan Stanley expect an earlier and stronger growth recovery from the first quarter, lifting 2023 GDP growth to 5.7%.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
China's 2022 growth seen as its lowest in 40 years - BreitbartChina's economic growth for 2022 is expected to have been among its weakest in four decades after the twin crises of the pandemic and property woes,
続きを読む »
China Surpasses Germany To Become World's Second-Largest Auto Exporter | CarscoopsChina Surpasses Germany To Become World's Second-Largest Auto Exporter | Carscoops carscoops
続きを読む »
China reports 60,000 COVID-related deaths, says peak passedChina stopped reporting data on COVID-19 deaths and infections after abruptly lifting anti-virus controls in early December despite a surge in infections that began in October.
続きを読む »
China reports 60,000 COVID-related deaths, says peak passedThose numbers may still underestimate the toll, though the government said the “emergency peak' of its latest surge appears to have passed.
続きを読む »
China reports 60,000 COVID-related deaths, says peak passedThose numbers may still underestimate the toll, though the government said the “emergency peak' of its latest surge appears to have passed.
続きを読む »
China reports 60,000 COVID-related deaths, says peak passedChina has reported nearly 60,000 deaths in people who had COVID-19 since early December following complaints it was failing to release data about the status of the pandemic.
続きを読む »