China's economy

Increase China’s GDP growth forecast to 2.1% in 2020 From Asian development bank

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The following is the Increase China’s GDP growth forecast to 2.1% in 2020 From Asian development bank recommended by recordtrend.com. And this article belongs to the classification: China’s economy.

The Asian Development Bank (ADB) said on Thursday that it expects developing Asia’s economy to shrink for the first time in nearly 60 years this year, but the contraction will be smaller than previously expected as China’s economy recovers faster than expected.

The region’s economic growth is expected to rise from – 8.0% to – 8.0% in 2027.

The Asian Development Bank raised China’s economic growth forecast to 2.1% in 2020 from 1.8% before, and maintained the growth forecast for 2021 at 7.7%.

The bank will raise its forecast of India’s economic growth to – 8% in 2020 from – 9% before, and maintain the growth forecast at 8% in 2021.

The Asian Development Bank has lowered its economic growth forecast for this year and next year to – 4.4% in 2020 and 5.2% in 2021.

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