MOSCOW (Sputnik) – China’s economy will grow by 4.8% in 2023 from 3% in 2022, according to a UN World Economic Situation and Prospects (WESP) 2023 report published on Wednesday.
“Growth in China is expected to moderately improve in 2023. The Chinese economy is estimated to have grown by 3 per cent in 2022… With the Government abandoning its zero-COVID‑19 policy in late 2022, and easing monetary and fiscal policies, the economy is projected to expand by 4.8 per cent in 2023,” the report said.
27 September 2022, 02:40 GMT
The UN believes that China’s economic growth will remain bellow the rate it was before COVID pandemic of 6-6.5%.