UN: China’s economy to accelerate regional economic growth in 2023 – WORLD

The UN predicts that global economic growth will decline to 1.9 percent in 2023 and that the Chinese economy will accelerate regional economic growth.

The UN has predicted that global economic growth will decline to 1.9 percent in 2023 and that the Chinese economy will accelerate regional economic growth. The Chinese economy will grow in 2023. According to the report, as the Chinese government relaxes its anti-epidemic policy and takes active economic measures, domestic consumer demand in China will increase in the coming period. This year, the growth of the Chinese economy will reach 4.8 percent. Hamid Rashid, head of monitoring the world economy of the UN Department of Economic and Social Affairs, said that, unlike other developing countries, China can maintain its tight fiscal and monetary policies, so China has a strong position in this regard. The report predicted that the growth of the Chinese economy will be important for many countries in East Asia and that the recovery of the Chinese economy will contribute to regional economic growth. In the face of a series of shocks such as inflation . Growth in the global economy, which is still under pressure, will decline from 3 percent to 1.9 percent in 2023. The report predicts that the EU economy will grow by 0.2 percent, the US by 0.4 percent and Japan by 1.5 percent in 2023. was done.