UN report labels China ‘a bright spot’ ...News

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UN report labels China ‘a bright spot’
The economic forecast for Beijing is moderate, but better than the “sharply deteriorated” outlook for the EU China will outpace Western economies this year, having abandoned its zero-Covid rules and eased monetary and fiscal policy, the United Nations’ report has predicted. Growth in the world’s second-largest economy is projected to “moderately” improve in 2023 after a weaker-than-expected performance last year, hampered by severe lockdowns. Beijing’s GDP growth is projected to pick up from 3% last year to 4.8%, The World Economic Situation and Prospects report published on Wednesday said. The UN expects the reop

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