The World Bank cut its gross domestic product growth forecast for China to 2.8 per cent from 5.0 per cent in April. Photo: EPA-EFE
The World Bank cut its gross domestic product growth forecast for China to 2.8 per cent from 5.0 per cent in April. Photo: EPA-EFE
China GDP

China’s GDP growth to lag behind rest of developing East Asia as zero-Covid, property crisis bite, World Bank says

  • The World Bank has cut its economic growth forecast for China this year to 2.8 per cent, down from an April estimate of 5.0 per cent
  • At the same time, it revised upwards its 2022 expectations for the rest of developing East Asia and the Pacific, from 4.8 per cent to 5.3 per cent

The World Bank cut its gross domestic product growth forecast for China to 2.8 per cent from 5.0 per cent in April. Photo: EPA-EFE
The World Bank cut its gross domestic product growth forecast for China to 2.8 per cent from 5.0 per cent in April. Photo: EPA-EFE
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