China’s economic and financial outlook report for the third quarter of 2022 From Bank of China Research Institute

The following is the China’s economic and financial outlook report for the third quarter of 2022 From Bank of China Research Institute recommended by recordtrend.com. And this article belongs to the classification: Chinese economy, research report.

The report believes that in the first half of 2022, under the impact of unexpected factors such as the conflict between Russia and Ukraine and its sanctions measures, a new round of domestic epidemic and its control policies, the “triple pressure” facing China’s economy continued to increase, supply and demand both fell, and market expectations deteriorated. GDP increased by 4.8% in the first quarter and is expected to increase by about 1% in the second quarter.

Looking forward to the second half of the year, the external environment is more severe and complex, and domestic demand will replace external demand as the key to stabilizing the macro-economic market. The impact of the epidemic on the economy is expected to be further weakened, a series of economic stabilization policies are gradually effective, and the economy is expected to rebound quarter by quarter.

Considering the uncertainty of the epidemic, under the three conditions of pessimism, benchmark and optimism, it is expected that the GDP in the third quarter will increase by about 3.2%, 4.6% and 6% respectively, and the GDP in the whole year will increase by about 3.2%, 4% and 4.7% respectively. It is suggested to continue to implement the “package of policies and measures to stabilize the economy” and make every effort to stabilize growth, employment and expectations.

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