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The IMF working team held online discussions with the Chinese government and the private sector from November 2nd to 16th, and announced the outlook in a press release released on the IMF website on the 23rd.
Through the materials, the IMF team took up China's real estate regulations and the blockade due to the zero-corona policy. It recorded 3.2% and is expected to rise to 4.4% in 2023 and 2024."
The day before, the Organization for Economic Co-operation and Development (OECD) announced that China's economic growth rate forecast for this year and next year would be 3.3% and 4.6%, respectively.
China's quarterly growth rate (year-on-year) this year was recorded at 4.8% in the first quarter, then plummeted to 0.4% in the second quarter and recovered to 3.9% in the third quarter. did. Based on these factors, China's cumulative growth rate for the first three quarters was aggregated at 3.0%.
Both the OECD and the IMF forecast that "China will record a growth rate in the low 3% range this year", so the view that "the growth rate target of around 5.5% for 2022," which was announced at the National People's Congress in March, will be difficult to achieve, has become even more certain.
2022/11/25 09:33 KST
