World Bank cuts China growth forecast to 2.7%1 min read . Updated: 20 Dec 2022, 10:45 AM IST
The World Bank said that it slashed its forecast to 2.7% from the 4.3% predicted in June. It also revised its forecast for next year from 8.1% down to 4.3%.
The World Bank on Tuesday slashed its China growth forecast for the year as the pandemic and weaknesses in the property sector hit the world's second-largest economy, according to the news agency AFP.
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