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ECONOMY  SOCIETY  CURRENT EVENTS

17 Jan 2023

“The data exceeded expectations over the board, which means fewer risks to Q1-23 growth. We have revised our growth forecast for 2023 to 6.0 percent. The latest official statistics contained warning signs for long-term growth, including the first official decline in the population since 1961. Namely, China experienced a permanent loss in potential output as a result of low fertility rates during three long years of zero-COVID, resulting in a marked population decline.”

Carlos Casanova
Carlos Casanova
   Economist
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Senior economist for Asia at UBP in Hong Kong
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  • 17 January 2023
  • 17 January 2023
  • China
  • Not Specified
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