China is expected to record the second lowest economic growth in nearly 50 years, following another year that witnessed widespread damage due to the Corona virus, in 2022, with its sudden recovery and reopening and efforts to confront many adverse effects that are destined to shape the prospects for the global economy this year. , according to analysts.
According to the Chinese data provider, Wind, the world’s second-largest economy is expected to have grown by 1.9 percent in the fourth quarter of last year, down from 3.9 percent in the previous quarter, according to the report. According to the Chinese newspaper “South China Morning Post” today, Sunday.
And the Chinese Data Network added that the Chinese economy is expected to have grown by 2.8 percent last year, which is less than the official target of “about 5.5 percent,” and in sharp contrast to the growth rate of 4 percent. 8 percent in 2021.
The head of the International Monetary Fund, Kristalina Georgieva, has urged China to press ahead with reopening its economy, calling the country’s transition from a “zero Covid” policy to operating more normally “perhaps the single most important factor for global growth in 2023.”
Georgieva, who visited the world’s second-largest economy last month for the first time since the pandemic began, added that “the most important thing for China is to keep the course, not back down from reopening the country.”
