Experts expect that in 2022 the Chinese economy will be influenced by a large number of risks, as a result of which the government will be forced to strengthen its fiscal and monetary support. In general, the next meeting of the Politburo of the Communist Party and the Central Economic Work Conference will help clarify the prospects for further steps.
The forecasts for China's GDP growth in 2022 from various organizations will be presented below
JPMorgan Chase & Co. expects the government to set a target range of GDP growth for 2022 in the range of 5.5%-6%. According to their forecasts, in 2022 GDP will grow by 4.7%
Bloomberg Economics: The target growth range for 2022 is likely to be 5%-6%, with GDP growth likely to be 5.7%.
UBS Global Wealth Management: the growth rate of the economy in 2022 is likely to slow down to 5.4%
Australia & New Zealand Banking Group Ltd.: The government is likely to set a target growth range of 4.5%-5.5%, but the economy is expected to expand by only 4.6%.
Citigroup: economic growth is likely to slow to 4.7% in 2022 amid problems in the real estate sector
Oxford Economics: GDP growth is likely to have slowed 5.4% in 2022 as the real estate downturn continues