BOFIT Forecast for China 2020–2022 / 2
JulkaisusarjaBOFIT Forecast for China
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-202009172350
China’s economy has bounced back from lockdown in the first months of this year, as the country was able to lift restrictions to prevent the spread of the coronavirus, implement stimulus measures and demand for pandemic-related products boosted industrial output. We expect China’s GDP to grow slightly this year. While the rate of recovery has levelled off, the 2021 growth figure will be impressive given the weak comparison number for this year. The recovery of the economy has been uneven, with many existing structural problems made worse. The largest risks of the forecast are associated with a new broad-based wave of coronavirus infections and financial sector problems from a reacceleration in indebtedness while firms in many branches are finding it harder to service debt. Uncertainty is heightened by deteriorating foreign relations, especially with the United States.
Published also in Finnish by the name BOFIT Kiina-ennuste