Home News China’s GDP estimate is increased by Moody’s from 4 to 5%

China’s GDP estimate is increased by Moody’s from 4 to 5%


In order to account for a post-reopening rebound in domestic demand, particularly for services, Moody’s Investors Service recently raised its estimate for China’s real GDP growth from 4 percent to 5 percent for both 2023 and 2024.

According to the most recent revision of Moody’s global macro outlook 2023–24, the Chinese government’s move to loosen COVID-19 restrictions will inevitably result in an increase in the nation’s economic activity of 3 percent in 2022. The credit rating agency anticipates that a resurgence in spending will begin this spring, supported by pent-up demand for non-traded services.

The nation’s central bank, the People’s Bank of China, is supplying liquidity assistance to the economy as it restarts and to control the real estate market. According to Moody’s, the extent and longevity of the recovery will determine how much more monetary policy relaxation is necessary.

Source: China Daily
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Previous articleTürkiye’s FDI Strategy (2021–2023) is published in cooperation with all public and private industry organizations
Next articleThe consumer confidence index in Japan increased slightly to 31.1, the highest level in six months


Please enter your comment!
Please enter your name here