World Bank: The World Bank has reduced China's growth forecast for 2022, from 4.3% to 2.7%


Posted on 20th Dec 2022 03:17 pm by rohit kumar

In a report released on Tuesday, the World Bank has reduced China's growth forecast for the year 2022 from 4.3 percent to 2.7 percent. The figure of 4.3 percent was released by the World Bank in June. This deduction has been made by the World Bank due to the epidemic in China and weakness in the property sector. The World Bank, in its report Navigating Uncertainty, China's Economy in 2023, states that China's public health policy during the pandemic has been very harsh. This is fine considering the health of the people, but it is harming the economy.

 

The World Bank has said in its report that unemployment has increased in China. It increased to 18 percent in October. The government's policy response will rely largely on short-term support and can be complemented with more structural measures. To mitigate the adverse impact of the pandemic on the labor market, policymakers have introduced employment subsidies and public works programs. The World Bank report states that based on international experience, these measures can be effective in supporting labor demand during a recession.

 

Also Read: GIS 2023: 15 thousand crore investment proposal received from Sweden, will also invest in Film City

1 Like 0 Dislike
Previous news Next news
Other news

Donald Trump vs Kamala Harris: Result day in America; Harris will see the result in Washington and Trump in Florida

There are only a few hours left before the US presidential election race ends. Vice President Kam

US Alaska: 7.4 magnitude earthquake in Alaska, tsunami warning in coastal areas

Earthquake tremors have been felt in Alaska, USA. The intensity of the earthquake has been measur

Ranveer Allahbadia: Dhruv Rathi enters Ranveer Allahbadia's case, and gives this advice by sharing a video

The matter of controversial comments in 'India's Got Latent' is constantly in the headlines. A po

Indian Army: First 3D printed housing ready for soldiers, constructed in Ahmedabad Cantt, know the specialty

The Indian Army has built the first 3D-printed housing for its soldiers. This residence built in

Parliament Security Breach: From daily wage laborers to MPhil, know who are the accused of creating a nuisance inside and outside the Parliament

A major incident of security breach came to light on Wednesday, the anniversary of the terrorist

Murshidabad Violence: People migrating towards Jharkhand, many families stopped in Malda; taking shelter in relief camps

Several families have been displaced following protests in Murshidabad over the Waqf (Amendment)

India's Got Latent Row: Samay Raina's statement will not be recorded on video call, Ranveer will have to appear on February 24

Comedian Samay Raina's statement is to be recorded on the YouTube show 'India's Got Latent' contr

Delhi Rain: One day's rain in the capital became a disaster, and life was disrupted; four died and more than 70 injured

One person died in the first monsoon rain in the national capital due to the failure of various a

UNSC: Shock to Russia in UNSC, Russian proposal on sabotage in Nord Stream pipeline rejected

Russia demanded an international investigation into the alleged sabotage of gas pipelines from Ru

Arvind Kejriwal: SC will hear the plea of CM Arvind Kejriwal today, know what is the matter?

The Supreme Court will on Monday hear Chief Minister Arvind Kejriwal's plea challenging the Delhi

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash