18.1 C
Munich
Thursday, June 24, 2021

ADB forecasts an 8% China GDP this year (previous forecast was 7.7%)

Must read







ADB forecasts an 8% China GDP this year (previous forecast was 7.7%)






























































Asian Development Bank forecasts

  • Developing Asia (which groups 45 countries in the Asia-Pacific) to grow 7.3% in 2021, 5.3% in 2022
  • China expected to grow 8.1% this year, 5.5% in 2022

ADB citing:

  • expectations of a solid global recovery
  • progress on vaccines

But:

  • caution that risks to its forecasts were skewed more to the downside because new outbreaks and delays in vaccine rollout could prolong disruptions to mobility and stall regional economic activity

On India:

  • coronavirus crisis in India remained grim
  • 11.0% growth forecast for this year is “achievable at this stage”
  • “India’s vaccine rollout is going well” 


















































Source link

- Advertisement -spot_img

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest article