Newsflash
- Mr. Jayadeva Ranade at Globesec Conference, Prague
- Mr. Jayadeva Ranade at Globesec Conference, Prague
- Mr. Jayadeva Ranade at Globesec Conference, Prague
News Details
CHINA-ECONOMY: WHILE CHINA'S LEADERS EXPECTED TO SET GROWTH TARGET FOR 2022 AT 5.5 PER CENT, IMF PROJECTS LOWERED GROWTH AT 4.8 PER CENT
The Wall Street Journal (January 28) reported Chinese economists who consult with the government as
saying that China’s leadership is likely to set a growth target of about 5.5% for 2022. The figure might,
however, prove overly optimistic, given that economic expansion sharply decelerated to 4% in the final
quarter of last year. IMF also now expects China’s gross domestic product to expand 4.8% this year, down
from its previous projection of 5.7%.