IMF CEO, Kristalina Georgievapointed out this Tuesday that China will reduce its economic growth for 2022 and 2023, due to the policy change implemented due to the increase in Covid cases.
“It is very likely that we will lower our growth forecasts for China, both for 2022 and 2023; the restrictions linked to Covid put a brake on growth, but the easing will create some difficulties in the coming months,” said the head of the IMF.
In addition, the international organization stated that the strategy of this health policy in the Asian country “will necessarily entail a increased number of infections with consequences on the good performance of the economy”.
In this way, the director of the Fund affirmed that, taking this context into account, China should reorient “the health system towards treatment rather than isolation”, while, by the second half of 2023, China “should have an improvement in the increase”.
In this sense, the annual report published by the agency estimated Chinese growth for 2022 at 3.2% and 4.4% for 2023, recalled the AFP agency.
