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

Other news

IND vs SA: Suryakumar's fourth century in T20, equals Rohit-Maxwell; India's D. Greatest victory over Africa

After man-of-the-match captain Suryakumar Yadav's century, with the help of Chinaman bowler Kulde

Who was Pankaj Dheer? Temples have been built in his name, and fans worship him; he acted in these films and serials.

Actor Pankaj Dheer, who played Karna in the serial "Mahabharata," has passed away. He was 68 year

Haldwani: Will the house of 50 thousand people built on the railway land be broken in Haldwani? 'Supreme' hearing today

Today is an important day for about 50 thousand people of Haldwani in Uttarakhand. A hearing will

Earthquake: Earthquake again in Afghanistan and Tajikistan, intensity more than 4.0

Earthquake tremors have been felt once again in Afghanistan and Tajikistan. The National Center f

IC-814 Hijack Real Story: What is the real story of the Kandahar hijack, how many wounds did the terrorists inflict on India after being released?

The recently released web series 'IC-814: The Kandahar Hijack' has been mired in controversies. A

Rishabh Pant Jersey: Pant made a comeback wearing Virat Kohli's jersey number 18, funny stump mic comments went viral

India's star wicketkeeper-batsman, Rishabh Pant, made his national comeback on Thursday in the un

IND vs AUS: Is Rohit Sharma's ODI record in danger? Former Australian captain claims

Former Australia captain Aaron Finch caused a stir on social media when he revealed which cricket

Why did he ask for 5 crores? The accused who threatened Salman Khan revealed this, also said- 'I am proud of Lawrence Bishnoi'

Bikharam Bishnoi, accused of threatening to kill Bollywood superstar Salman Khan and demanding a

Mission Impossible 8 Worldwide Collection: Tom Cruise's mission was a success, dominating foreign markets on the third day

Huge crowds are flocking to the theatres to watch Tom Cruise in the role of Ethan Hunt in 'Missio

Ravanasura Trailer: Trailer of Ravi Teja's film 'Ravanasur', Mass Maharaja was seen doing strong action

Ravi Teja is one of the most popular actors in Telugu cinema. He will soon be seen in Ravanasur.