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
Yuvraj Singh Motivates Indian Team: The Indian team had to face defeat by 6 wickets at the hands
Another shooter involved in the Umesh Pal murder case was killed by the police in an encounter on
Lok Sabha Speaker Om Birla on Sunday said that Parliament has made several laws ensuring social j
Ayodhya remains in constant discussion. The grand ceremony of consecration of Ram temple attracte
IND vs PAK U19: India got its first defeat in Under-19 Asia Cup, Pakistan defeated by eight wickets
Pakistan has defeated India by eight wickets in the Under-19 Asia Cup. Batting first at the ICC A
Ranveer Singh In Don 3: Ranveer Singh has been continuously making headlines for some time for hi
Vande Bharat Express Train: PM Modi's gift to West Bengal, will flag off Vande Bharat Express
PM Narendra Modi will give a big gift to West Bengal. PM will lay the foundation stone of project
India has won the T20 World Cup after 17 years. From cricket lovers to the whole country, everyon
Virat Kohli Can Join Sachin Tendulkar Special Club WI vs IND Test Series After losing the final o
Afghanistan has made it to the semi-finals by defeating Bangladesh. With this, the Australian tea