Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
  • Editorial Calendar 19-20
BW Businessworld

World Bank Cuts China 2012 Growth Forecast To 8.2%

Photo Credit :

The World Bank has lowered its forecast for China's 2012 economic growth to 8.2 per cent from 8.4 per cent previously, it said on Thursday, reinforcing the view that China is set for its slowest annual growth in a decade.

But in a sign that activity could rebound next year, the World Bank said it had raised its 2013 growth forecast for China to 8.6 percent, from 8.3 percent.

The bank disclosed the revisions in its quarterly update of the Chinese economy, and comes ahead of China's official first-quarter growth report due on Friday at 0200 GMT.

Analysts expect the world's second-biggest economy to have grown by 8.3 percent between January and March, which would be its slowest annual pace in nearly three years.

(Reuters)


Tags assigned to this article:
economy world china world bank growth forecast