BOFIT Forecast for China 2020–2022 / 2

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Titel: BOFIT Forecast for China 2020–2022 / 2
Institution: Bank of Finland
Avdelning / Enhet: Institute for Economies in Transition (BOFIT)
Serie: BOFIT Forecast for China
Serienumber: 2/2020
Utgivningsår: 2020
Utgivningsdatum: 17.9.2020
Sidor: 5
Subject (yso): taloudelliset ennusteet; taloudellinen kehitys
Nyckelord: Bofit-kokoelma; Kiina; China; ennusteet; taloudelliset katsaukset; talouskasvu
Andra nyckelord: China; forecast; economic development
Abstrakt: 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.
Anmärking: Published also in Finnish by the name BOFIT Kiina-ennuste

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