Credit rating agency Fitch Ratings Increase the GDP growth forecast (GDPChina rose to 8% in 2021 from the 7.7% expected in September.
Fitch analyst Brian Colton and Pavel Boroski said: “This latest forecast It is 5.5% higher than our forecast for long-term growth in China. “
Fitch analysts also noted that data showed Chinese consumption has recovered significantly in the past few months. Especially in the catering industry And other activities Related to social integration At the same time expected The global economic environment will recover in the second half of next year. As more and more people are vaccinated against COVID-19.
Fitch said in the report: The Chinese economy is likely to expand 2.3 percent this year after a 6.8 percent contraction in Q1 due to the COVID-19 epidemic.
Xinhua news agency reported, citing the revelation of CNBC that Fitch also predicted that The global economy will contract 3.7 percent this year, better than the September forecast of a 4.4 percent contraction, and the global GDP will expand 5.3 percent next year.
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