After a strong start in early 2022, multiple outbreaks of the Omicron variant of COVID-19 and resulting mobility restrictions have disrupted China’s growth normalization, according to Between Shocks and Stimulus, the latest China Economic Update released today by the World Bank. Economic growth in China is projected to slow to 4.3 percent in 2022 before rebounding to 5.2 percent in 2023, largely reflecting the economic damage caused by the persistence of COVID-19.
This site uses cookies to optimize functionality and give you the best possible experience. If you continue to navigate this website beyond this page, cookies will be placed on your browser. To learn more about cookies, click here.
