Publisher: World Bank Group
Publication Date: 12/2023
Pages: 58
Categories: Macroeconomics
PDF: Download
“Economic activity in China has picked up in 2023, but the recovery remains fragile. Real GDPgrowth accelerated to 5.2 percent y/y in the first three quarters of 2023, driven by demand for
services, resilient manufacturing investment, and public infrastructure stimulus. The initial phase
of economic reopening triggered a surge in economic activity in Q1, but growth momentum
decelerated rapidly in Q2 before recovering modestly in Q3. The volatile growth performance,
compounded by persistent deflationary pressures and still weak consumer confidence, suggests
continued fragility in the recovery.”
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