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Davos economists cast doubt over Chinese recovery in '24
来源：shippingazette 编辑：编辑部 发布：2024/01/19 09:22:26
CHINA's struggle with weak growth is prompting observers to doubt its capacity to achieve a recovery this year, reports Caixin.
Days after data showed the country suffering its longest deflationary streak since 2009, a survey of economists released by the World Economic Forum (WEF) in Davos revealed that none now expects anything more than moderate expansion this year.
"China is a notable exception as weak consumption, lower industrial production and distress in property markets weigh on the prospects of a stronger rebound in 2024," the forum said in its report.
The analysis is based on a survey at the end of last year among chief economists at public lenders such as the International Monetary Fund, along with counterparts at private-sector financial and corporate entities.
Days after data showed the country suffering its longest deflationary streak since 2009, a survey of economists released by the World Economic Forum (WEF) in Davos revealed that none now expects anything more than moderate expansion this year.
"China is a notable exception as weak consumption, lower industrial production and distress in property markets weigh on the prospects of a stronger rebound in 2024," the forum said in its report.
The analysis is based on a survey at the end of last year among chief economists at public lenders such as the International Monetary Fund, along with counterparts at private-sector financial and corporate entities.