China's economic growth now seen below 5% through 2024 on Covid zero risk

Growth is now expected to be below 5% for each year through 2024, the latest Bloomberg survey of economists shows

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Photo: Bloomberg

Cynthia Li | Bloomberg
China’s economic growth outlook is darkening, with economists downgrading their forecasts through 2024 as many bet Beijing will take a slow approach to dropping its Covid Zero policy.  
 
Growth is now expected to be below 5% for each year through 2024, the latest Bloomberg survey of economists shows. The median forecast for this year was lowered to 3.3% from 3.4% in the previous survey, while next year’s was cut to 4.9% from 5.1%. In 2024, the economy is seen expanding 4.8%, down from the 5% projected earlier. 

China’s zero-tolerance approach to combating Covid infections has been a major drag on

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First Published: Oct 28 2022 | 10:07 AM IST

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